China "Aggressively" Selling Oil In Recent Weeks We knew there was a reason why China had accumulated a cool 1.5 billion barrels in its strategic petroleum reserve: the reason, to become the world's strategist petroleum reserve when the time arises... for a price of course. According to the chief executive officer of commodity trader Mercuria, Chinese oil companies have been aggressive sellers in ...
China "Aggressively" Selling Oil In Recent Weeks We knew there was a reason why China had accumulated a cool 1.5 billion barrels in its strategic petroleum reserve: the reason, to become the world's strategist petroleum reserve when the time arises... for a price of course. According to the chief executive officer of commodity trader Mercuria, Chinese oil companies have been aggressive sellers in recent weeks, selling barrels to several nations in tenders. “What has been happening in the last two or three weeks is actually they have been aggressively selling crude oil,” Mercuria CEO Marco Dunand said at the FT Commodities Global Summit in Lausanne on Tuesday. “ They’ve taken out a lot of demand from various countries and offered aggressively in tenders." Dunand said there are a variety of possible explanations for the selling. They include the release of oil inventories within China, continued sales of Iranian oil in the weeks after the war started, and possible optimism that the Strait of Hormuz would reopen quicker than it has so far. He also said that Mercuria sees Chinese gasoline demand falling by 1 million barrels a day this year as a result of electric-vehicle adoption, which also could have played a factor in the sales. But the most important thing Dunand said, was his response to question how long this last: “How long can they do this for? I think the guess would be probably for about another three weeks and then I think at that point they would have to revise their position." Well, three weeks is also how long Iran has before its oil sector is permanently shut in. The good news: the end of the Iran war is - one way or another - now in sight. Tyler Durden Wed, 04/22/2026 - 06:55
Two vessels came under fire in the Strait of Hormuz, just hours after the U.S. and Iran failed to meet in Pakistan for talks to end the war and as President Trump indefinitely extended the ceasefire. (Image credit: ASIF HASSAN)
Two vessels came under fire in the Strait of Hormuz, just hours after the U.S. and Iran failed to meet in Pakistan for talks to end the war and as President Trump indefinitely extended the ceasefire. (Image credit: ASIF HASSAN)
Isn’t running 26.2 miles difficult enough? Not for some. Whether it’s dressing up as a helicopter, a lobster or a pair of testicles, wearing a novelty outfit spurs many competitors on Delusion. That’s the crucial prerequisite for running a marathon in fancy dress, according to the ultramarathon competitor and cancer survivor Jonathan Acott, who is attempting the fastest marathon dressed in a clank...
Isn’t running 26.2 miles difficult enough? Not for some. Whether it’s dressing up as a helicopter, a lobster or a pair of testicles, wearing a novelty outfit spurs many competitors on Delusion. That’s the crucial prerequisite for running a marathon in fancy dress, according to the ultramarathon competitor and cancer survivor Jonathan Acott, who is attempting the fastest marathon dressed in a clanking suit of armour. So that’s what it was when I decided to run this year’s London Marathon dressed as a badger. I’ve run a marathon once before, 19 years ago. I hated the suffering . I injured myself. And now I’m 51. Why was this a good idea? Continue reading...
The broad selloff in public markets triggered by fears of artificial intelligence disruption provides an opportunity to snap up technology firms on the cheap, according to private equity giant EQT AB . “We think now is potentially an attractive time to source really interesting opportunities within software,” Per Franzen , EQT’s chief executive officer, said in an interview Wednesday. He added tha...
The broad selloff in public markets triggered by fears of artificial intelligence disruption provides an opportunity to snap up technology firms on the cheap, according to private equity giant EQT AB . “We think now is potentially an attractive time to source really interesting opportunities within software,” Per Franzen , EQT’s chief executive officer, said in an interview Wednesday. He added that the firm would never overexpose any of its funds to any single sector. EQT would look at firms that are “well positioned to be able to leverage AI to drive value creation and margin expansion, to achieve cost savings, and to reinvest those cost savings to accelerating sales growth,” he said. Those would include mission-critical enterprise software businesses deeply embedded in their clients’ workflows. “The market is getting more sophisticated and is being able to better distinguish between winners and losers,” Franzen said. “There might be an opportunity in the next couple of quarters to source businesses that are really well positioned from an AI perspective, at relatively speaking, attractive terms.” Questions have begun to rise around private capital’s exposure to the broader software sector, after Anthropic PBC unveiled new AI tools seen as disruptive to industries ranging from financial research to real estate services. These anxieties are particularly heightened for buyout firms that piled into tech names at the height of a dealmaking boom a few years ago. EQT managed €142 billion ($167 billion) of assets at the end of March. Software companies represent about 14% of EQT’s fee-based assets under management in private capital, according to its first-quarter earnings presentation . The firm, which is invested in large tech companies such as IFS, said performance was strong across its software portfolio, with net sales growing at low to mid-teens and operating profit at 20% to 30% last year.
Jacobs ( J ), GHD and WSP have been appointed in a joint venture to design five new underground stations for Sydney Metro West project. The joint venture has been engaged to provide integrated engineering design services for Stations Package West – the stations at Westmead, North Strathfield, Burwood North , Five Dock and The Bays. More on Jacobs Engineering Jacobs Solutions: Good Fundamentals, We...
Jacobs ( J ), GHD and WSP have been appointed in a joint venture to design five new underground stations for Sydney Metro West project. The joint venture has been engaged to provide integrated engineering design services for Stations Package West – the stations at Westmead, North Strathfield, Burwood North , Five Dock and The Bays. More on Jacobs Engineering Jacobs Solutions: Good Fundamentals, Weak Market Sentiment Jacobs Solutions Inc. (J) Presents at 47th Annual Raymond James Institutional Investor Conference Transcript Jacobs Solutions Inc. (J) Presents at Barclays 43rd Annual Industrial Select Conference Transcript Jacobs raises FY26 outlook with 6.5%-10% net revenue growth and $7.30 EPS target as backlog hits $26B Jacobs Engineering beats profit estimates as backlog grows
Seeking Alpha More on AT&T AT&T Before The Bell: 5 Key Metrics To Watch On April 22nd AT&T: Locking In A Fixed Yield Ahead Of Large Investment Cycle AT&T: Exciting Fiber Growth Story AT&T Non-GAAP EPS of $0.57 beats by $0.02, revenue of $31.5B beats by $260M AT&T, Verizon Q1 earnings on deck: Focus on subscribers, FCF numbers
Seeking Alpha More on AT&T AT&T Before The Bell: 5 Key Metrics To Watch On April 22nd AT&T: Locking In A Fixed Yield Ahead Of Large Investment Cycle AT&T: Exciting Fiber Growth Story AT&T Non-GAAP EPS of $0.57 beats by $0.02, revenue of $31.5B beats by $260M AT&T, Verizon Q1 earnings on deck: Focus on subscribers, FCF numbers
More than 600 defaulters aged 60 and above have failed to repay their student loans under five government financial assistance schemes designed to fund their tertiary and post-secondary studies, with the average amount owed standing at HK$17,400 (US$2,220). In a reply to questions from lawmakers on Wednesday, the Education Bureau said it had recorded 9,838 default cases, involving 8,494 people, un...
More than 600 defaulters aged 60 and above have failed to repay their student loans under five government financial assistance schemes designed to fund their tertiary and post-secondary studies, with the average amount owed standing at HK$17,400 (US$2,220). In a reply to questions from lawmakers on Wednesday, the Education Bureau said it had recorded 9,838 default cases, involving 8,494 people, under the five schemes as of January 31 this year. The schemes provide financial assistance to those...