Bank of England chief economist Peel: We should not commit to further cuts in interest rates in the short term.

Bank of England Chief Economist Peel: We cannot take UK inflation lightly.

Bank of England Chief Economist Peel: Wages, prices and profit margins are growing strongly.

Bank of England Chief Economist Peel: The Monetary Policy Committee unanimously agreed that we still see (the risk of) a second round of inflation.

Bank of England chief economist Peel: "There is still a little distance" in (fighting) inflation.

Bank of England Chief Economist Peel: Paying attention to UK inflation expectations.

Bank of England chief economist Peel: It is "a bit premature" to say inflation has fallen.

ExxonMobil (XOM.N) CEO: Global oil supply keeps crude oil prices healthy.

ExxonMobil (XOM.N) CEO: Seeing "very strong" oil demand.

Oil loadings from Russia’s western ports are expected to be 1.95 million bpd in August (from 1.8 million bpd in July), according to sources and Reuters calculations.

Market news: Argentina has raised electricity and natural gas prices since August.

Affected by the decline in U.S. Treasury yields, U.S. bank stocks fell in pre-market trading, with Morgan Stanley (MS.N) down 2.2%, Bank of America (BAC.N) down 1.7%, Citigroup (CN) down 1.5%, Wells Fargo (WFC.N) down 1.0%, Goldman Sachs (GS.N) down 1.1%, and JPMorgan Chase (JPM.N) down 0.9%.

ExxonMobil (XOM.N): It expects annual buybacks to reach $20 billion by 2025.

Exxon Mobil Corp (XOM.N) expects to repurchase more than $19 billion of its own stock by 2024.

Exxon Mobil (XOM.N): It expects power outages caused by the tornado to have an impact of $200 million to $300 million on its earnings.

Exxon Mobil Corp (XOM.N) produced 4.36 million bpd in the second quarter.

Exxon Mobil (XOM.N) reported second-quarter adjusted earnings per share of $2.14, compared with market expectations of $2.03.

Exxon Mobil Corp (XOM.N) reported second-quarter revenue and other income of $93.06 billion.