ECB chief economist LANE: a second wave of energy supply shocks poses a direct upside risk to inf and a downside risk to economic growth.

On Oct 5 Kremlin spokesman Dmitry Peskov said Russia’s foreign ministry and defense ministry have warned countries of the dangers of operating in Kyiv, but each country must decide how to run its embassy. He said the Russian military will continue to carry out its tasks regardless of those decisions. Peskov said Ukraine has expanded a list of attacks against Russian civilian economic targets and that Russia is retaliating; Kyiv has not responded.

ConocoPhillips (COP.N) CEO said if oil prices hold at current levels, U.S. crude production is expected to exceed 14.0–14.5 mln barrels per day.