Global Oil Demand Hits Record and Prices May Climb, IEA Says
Global oil demand has surged to a record amid robust consumption in China and elsewhere, threatening to push prices higher, the International Energy Agency said.
Bloomberg Business
Natural Gas Workers Urge Quick End to Australia Strike Threat
Workers threatening strikes at Chevron Corp. and Woodside Energy Group Ltd. liquefied natural gas operations in Australia have urged the firms to quickly resolve disputes and avoid any costly disruption to exports.
Ukraine Evacuates Civilians Near Kharkiv as Russia Mounts Attack
Ukraine is evacuating civilians from part of the northeastern Kharkiv region as Russia tries to push through its defenses there.
Singapore’s Neon to Consider $200 Million Funding Round, Sources Say
Neon is considering raising about $200 million in fresh capital as the immersive entertainment group looks to expand its business, according to people familiar with the matter.
Iran Transfers US Citizens From Prison in Step Toward Deal
Iran moved four US citizens from prison to house arrest in the first step of an emerging deal in which the US is expected to unfreeze $6 billion in assets to Tehran and free several jailed Iranians.
UBS Ends $10 Billion State Backstop That Helped Seal Merger
UBS Group AG decided to end an agreement with the Swiss government to cover losses it could incur from the rescue of Credit Suisse, a sign that the mammoth integration is on track and the stricken lender’s assets might be less troublesome than initially feared.
‘I Miss My Children’: Australian Journalist Pens Letter From China Prison
An Australian journalist detained in China for three years on espionage charges said in a letter dictated to a diplomat in Beijing that she misses walks in nature and especially her children.
Taiwan Frontrunner Plans Low-Key US Trip With China Looming
The Biden administration is preparing for visits from Taiwan’s top presidential candidates in the coming weeks, as the US balances its support for the island’s democratic elections with managing Beijing’s reaction to the trips.
Ares-Led Group Provides Private Loan for InvoCare Buyout
TPG Inc. has lined up a group of private credit funds led by Ares Management Corp. to help finance its acquisition of Australian funeral home operator InvoCare Ltd., according to people with knowledge of the matter.
Saudi Oil Flows to China Set to Soar Despite Global Supply Curbs
China is poised to take about 40% more crude from Saudi Arabia via term contracts next month as a mega-refiner starts taking more oil under a new deal.
