Buyout Firm ECP to Re-Acquire Nuclear Services Firm EnergySolutions
By and Buyout firm Energy Capital Partners has agreed to re-acquire nuclear services firm EnergySolutions from TriArtisan Capital Advisors LLC, according to a statement provided to Bloomberg News. EnergySolutions will…
Ukraine Steps Up Drone Attacks on Russian Oil Infrastructure
The key Russian oil export terminal at Novorossiysk was on fire early on Monday following an overnight drone attack, as Ukraine intensifies strikes on Russia’s oil infrastructure to reduce its…
Oil Prices Fall After US and Iran Receive Framework Ceasefire Proposal
Summary Strait of Hormuz closure disrupts Middle East oil exports, refiners seek alternatives Trump threatens further action if Strait remains closed Iran allows passage for select vessels OPEC+ agrees modest…
Trump’s New Deadline Looms With Mediators Pushing for Truce
Trump on Sunday issued an expletive-laced threat to destroy Iran’s power plants and blow up ‘everything over there’ Bloomberg News President Trump during a primetime address to the nation at…
Oil Shock Is Adding Stress to the Global Economy
Bloomberg News Market Snapshot 6,650.75 +0.4% 53,413.68 +0.5% $69,862.54 +3.3% $4,703.78 +0.6% 1,213.34 -0.2% Market data as of 05:34 AM ET. Data is subject to provider delays. Five things you…
US Crude Premiums Climb to Record Levels as Asia, Europe Compete for Supply
Spot premiums for U.S. West Texas Intermediate crude have jumped to all-time highs as competition between Asian and European refiners for supply heats up to replace Middle Eastern oil flows…
Nearly 50 Qatar LNG Tankers Sit Idle Across Asia
Almost 50 liquefied natural gas carriers used by Qatar to export the superchilled fuel are idled in Asia, Bloomberg has reported, citing data from Kpler. All the vessels are empty,…
Pakistan Emerges as Key Mediator in Push to End Hormuz Crisis
The United States and Iran have both received via Pakistan a plan for an immediate ceasefire that could reopen the Strait of Hormuz, Reuters reported on Monday, citing a source…
Saudi Arabia Sets Record Premium for Flagship Crude as Hormuz Crisis Deepens
Saudi Arabia has hiked the price of its flagship Arab Light crude loading for Asia in May to a record-high premium over the Middle Eastern benchmarks as the de facto…
Qatar LNG Tankers Make First Move Through Hormuz Since War Began
Two tankers that loaded LNG from Qatar before the war began appear to be attempting to exit the Strait of Hormuz in what could be the first export of Qatari…
