India’s oil refiners are expected to weather disruption in supply after the US allowed its waiver on Russian crude purchases to expire, thanks to weaker demand and available barrels from the US and the Middle East.
Michele Della Vigna, head of EMEA natural resources research at Goldman Sachs, discusses the ongoing closure of the Strait of Hormuz and its impact on jet fuel supplies. “The problem is if the strait does not reopen, and we don’t have that confidence, then we need to get into what we call demand rationing pricing,” Della Vigna explains during an interview on Bloomberg Television. “Effectively, prices making sure that demand comes down enough to rebalance the market, which would be a 15% reduction in flights in Europe.” (Source: Bloomberg)
Anna Edwards, Guy Johnson, Tom Mackenzie and Mark Cudmore break down today’s key themes for analysts and investors on “Bloomberg: The Opening Trade.” (Source: Bloomberg)
Power International Holding, owned by the Qatari billionaire Al-Khayyat family, is going after mega African infrastructure deals to help expand its footprint on the continent.
Australia issued an emergency permit for the use of a powerful poison to halt a swelling mice infestation across several growing regions, as farmers grapple with the fallout from the Iran war and a looming El Niño.
Catch up on all the headlines with BTW. Lisa Mateo, Christina Ruffini, David Gura and special guest Brutus the dog, dive into the headlines you may have missed on Bloomberg This Weekend. Watch the show LIVE every Saturday and Sunday morning. (Source: Bloomberg)
“It’s remarkable — and discouraging — how many people are disengaged from their own financial lives.”
Rep. Yvette Clarke, Chair of the Congressional Black Caucus, joined Christina Ruffini and David Gura this morning on Bloomberg This Weekend fro a wide-ranging conversation following a Supreme Court ruling that struck down Louisiana’s second majority-Black congressional district. (Source: Bloomberg)
Walmart has said that customers start to cut spending when gas prices hit $4.50 to $5 a gallon.
US President Donald Trump said he discussed guardrails on artificial intelligence with Chinese leader Xi Jinping, while adding that Nvidia Corp.’s H200 chips also came up during a two-day summit in Beijing. Meanwhile, investors will eagerly be awaiting earnings results from chip giant Nvidia, the world’s largest company by market capitalization, for signs of how much momentum the artificial intelligence rally has left in it after a bout of jitters. Bloomberg Tech co-host Ed Ludlow joined Christina Ruffini and David Gura this morning on Bloomberg This Weekend to discuss. (Source: Bloomberg)
