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…
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,…
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…
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…
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…
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…
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…
Capital Group shakes up strategy to hit $4 trillion by 2031
Capital Group aims to grow its fixed income business, accelerate overseas expansion and diversify away from its core equities franchise…
UK growth outlook is brighter despite unexciting April data
Another month, another welcome upside surprise to UK economic growth. Monthly GDP was flat in April, but that followed a…
Fed policymakers see just one rate cut this year, 4 cuts in 2025
U.S. central bankers believe they’ll cut interest rates just oncethis year, two fewer than they thought in March as inflation…