Default Rate Rises in Fitch’s U.S. Privately Monitored Corporate Ratings Portfolio
The default rate for Fitch’s corporate portfolio of U.S. Privately Monitored Ratings (PMR) continues to rise despite better-than-expected resilience and…
Bank of England to cut rates in August, at least one more expected this year
The Bank of England will start cutting interest rates in August, according to all but two of 65 economists polled…
Federal Reserve keeps policy unchanged, signals just one rate cut before year-end
Fed suggests they may cut just once this year, but the data ultimately determines the outcome The Federal Reserve left…
Pakistan unlikely to buy spot LNG in summer despite simmering heat
Pakistan is unlikely to buy liquefied natural gas (LNG) cargoes on the spot market until at least the beginning of…
Crude quality issues on TMX pipe may hamper flows from Canada to US West Coast refiners
U.S. oil refiners and West Coast traders are flagging concerns about the quality of crude shipped on the newly completed…
U.S. crude oil imports rise to highest since 2018, EIA says
U.S. crude oil imports rose last week to their highest since 2018, the U.S. Energy Information Administration said on Wednesday,…
South Korean refiners assess Canadian crude import economics post-TMX expansion
South Korean refiners are evaluating the import and refining economics of Canadian crude following the recent expansion of the Trans…
Low-sulphur gasoil deliveries for June fall at expiry, ICE data shows
Deliveries of low-sulphur gasoil for June fell to 1,016lots, or 101,600 tonnes, at expiry, down from 1,248 lots in May,…
FranceAgriMer raises 2023/24 non-EU wheat export forecast
Farm office FranceAgriMer increased its forecast for French soft wheat exports outside the European Union in 2023/24, leading to lower…
PetroVietnam Gas: imports 70,000-ton LNG cargo from PetroChina International
PetroVietnam Gas said it had received a 70,000-ton LNG cargo from PetroChina International for domestic power generation and industrial production.…