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(Bloomberg) — Asia’s oil refiners are ramping up crude purchases from outside the Middle East, the latest sign of a scramble to secure supplies as shipping through the vital Strait of Hormuz remains all-but halted. Read More
(Bloomberg) — US natural gas futures rose along with oil, which continues to climb on concerns over a prolonged disruption to energy supplies through the Strait of Hormuz. Read More
(Bloomberg) — The Bank of Canada is likely to hold interest rates steady as policymakers weigh the inflation risk of higher oil prices against a string of weak economic numbers. Read More
(Bloomberg) — Francesco Mazzagatti, an energy trader who has become a key figure in the North Sea industry, is facing a worldwide asset freeze over allegations he siphoned off funds from former business partners in Iran. Read More
(Bloomberg) — Just how K-shaped is the US consumer? Read More
NEW YORK — Moody’s Corporation (NYSE: MCO) today announced that Moody’s Ratings has launched its network-agnostic Token Integration Engine™ (TIE), becoming the first credit rating agency to ingest analytical data and share credit insights on-chain. As an inaugural step, it is the first rating agency to operate a node on the Canton Network. The milestone marks a significant step in Moody’s commitment to digital innovation, intending to enable secure, compliant, and efficient ingestion of data and dissemination of ratings enabled by technology built for integration across platforms. Read More
(Bloomberg) — Morgan Stanley is sticking with a forecast that sees the Federal Reserve resuming interest rates cuts in June and delivering another reduction in September, even as soaring oil prices prompt traders to curb bets for how much policymakers will lower borrowing costs this year. Read More
(Bloomberg) — One of the most widely used strategies in the $9.5 trillion-per-day currency market is getting a boost from the surge in oil prices that’s roiling other global assets. Read More
Award adds to OneSubsea’s project pipeline and reinforces its standardized system design Read More
