Fears of summer shortages and $200 oil have been replaced by a focus on looming gluts
CEO led group through transformation from markets dominated by physical pits to decentralised electronic trading
Speculation of a looming consolidation wave mounts in the heartland of the US shale oil patch
Blackstone-led consortium to take over software company and inject $150mn to help cut its debt load
Power developer Invenergy will redeploy funds into natural gas and geothermal projects in western US
‘Gradual’ return of flows will give way to sharp rise in production, outstripping forecasts for increased demand
We should be clear about who is likely to benefit from an easing in the leverage ratio
Plus UK inflation
Once flows resume properly, there will be a lot of extra oil in the system
An end to the Iran war will boost confidence in the resilience of the global economy and corporate earnings
Capital is pouring into insurance because of high returns and low volatility. But some professionals are worried about mispricing
Thoma Bravo will lose all of the $5bn it invested in Medallia as it hands the software group to lenders
Banks press for further gains even after winning their largest lobbying victory since the financial crisis
Bosses warn of continued disruption despite deal to end conflict and open Strait of Hormuz
Diezani Alison-Madueke had been accused of receiving private jet flights and use of properties in top London districts
Donald Trump’s war in Iran has sent inflation to nearly double the central bank’s target
UK wealth manager had to halt investment from high-risk clients as a result of failings
Chinese truckmakers spearhead challenge to diesel engine’s supremacy
Massad Boulos tells FT he is attempting to forge ‘one unified government’ in war-torn country
A dispatch from the FT Global Bond Summit
SpaceX’s IPO has given the trillionaire even more firepower for acquisitions
Traders expect buoyant American economy to keep Fed from cutting rates despite oil price fall
German carmaker moves to counter fears EQT has edge after teaming up with major shareholders
UK asset manager is optimistic in year of historically large tech IPOs
Oil production facilities and markets will take months or years to work through consequences of Strait of Hormuz closure
Response to Middle East energy crisis varies widely across the globe
Iran war has hit country’s equity market and disrupted what was positioned to be another record year for flotations
Former employee claims in lawsuit that she identified issues with risk-management practices
Elon Musk’s AI, rocket and satellite group also announces $60bn deal for AI coding app Cursor
KFC and Taco Bell owner to offload bulk of fast-food chain to private equity group as part of $2.7bn sale
The reordering is happening in the asset class, too
Brent crude has tumbled to three-month low following agreement to extend US-Iran ceasefire
Voters in Aberdeen go to the polls with both Conservative and Reform candidates making energy a central issue of their campaigns
UK chancellor says cabinet has to decide where to cut spending to pay for extra military budget
Wealth manager at risk of near-£1bn hit to inflows
European Banking Authority sets out ‘targeted’ plan to simplify overlapping requirements for lenders
