China's industry is recovering for the 5th month in a row – the economy is reviving. The PMI index rose to 51.1 points and has been above 50 for the fifth month, exceeding expectations. Incentive measures are beginning to reveal their effect. The same dynamics are observed in trade and exports. One more reason for the rise in oil prices is Mexico's decision to suspend exports. The state-owned company Pemex plans to provide raw materials to local refineries and stop supplying 600 thousand barrels per day of the flagship Maya grade for several months. Exports of other varieties will continue, but volumes will decrease. Demand for Tesla shares among American investors is falling due to Musk's image. Only 31% of investors are considering buying securities, which is much less than the record 70% in November 2021. The billionaire's popularity is declining due to rumors about drug use, his political statements and strictness towards employees. Russia's external debt in 2023 decreased by $68 billion to $317 billion. The country has managed to almost completely repay its external debt since the beginning of 2022, when it amounted to $ 488 billion, and the maximum volume for all time reached $ 733 billion. In world history, there has never been a case of such a large-scale and rapid reduction of external debt in an unstable macroeconomic background. Novatek has sharply reduced gas production at the Arctic LNG-2 project. The company no longer has the opportunity to increase reserves on the project due to the lack of storage space. In addition, Novatek does not have enough tankers to ship. As a result, LNG production in February amounted to only 83 million cubic meters, which is five times less than in December last year. Iran calls on the UN Security Council to condemn the Israeli attack on the Iranian consulate. Iran claims that Israel violated the UN Charter by carrying out a «vile and hateful terrorist attack on diplomatic facilities.» The organization will hold a meeting on this issue today.
