Ship Fuel Market Fragments as Middle East Conflict Hits Trade
Shipowners are facing an increasingly fragmented fuel market as disruptions triggered by the Middle East conflict raise concerns about the availability and quality of supply.
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Shipowners are facing an increasingly fragmented fuel market as disruptions triggered by the Middle East conflict raise concerns about the availability and quality of supply.
Four Hong Kong franchised bus operators have applied to raise fares by up to 17.7 per cent, citing โsignificant financial pressureโ from soaring fuel prices driven by the Middle East conflict. Citybus has sought the steepest increase, at 17.7 per cent, followed by the KMB Company at 16 per cent. Long Win Bus and New Lantao Bus have applied for rises of 8.1 per cent and 9.8 per cent respectively, according to a paper the Transport and Logistics Bureau submitted to the Legislative Council on...
April LaRusse, co-head of global client portfolio management at BNY Investments, says it is too early to confidently call a peak in Treasury yields. Speaking on "The Asia Trade," LaRusse says current market pricing for roughly three rate hikes looks excessive, leaving room for a relief rally if the Middle East conflict eases or labor market data weakens. (Source: Bloomberg)
Oil held a gain as a widening conflict in the Middle East threatened to hamper a recovery in supply from the region, while there were also doubts over US President Donald Trumpโs claims of an โenergy ceasefireโ between Russia and Ukraine.