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1 day ago | 
financialpost.com | David Marino |Alex Longley
Investors have ramped up wagers in a relatively obscure corner of the oil market that OPEC+ output hikes will lead to an eventual glut toward the end of this year and into 2026. Article content(Bloomberg) — Investors have ramped up wagers in a relatively obscure corner of the oil market that OPEC+ output hikes will lead to an eventual glut toward the end of this year and into 2026.
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1 day ago | 
bloomberg.com | David Marino |Alex Longley
(Bloomberg) -- Investors have ramped up wagers in a relatively obscure corner of the oil market that OPEC+ output hikes will lead to an eventual glut toward the end of this year and into 2026. Open interest in calendar spread options — the difference between West Texas Intermediate crude’s value over different delivery months — this week reached a record high, according to CME Group.
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2 days ago | 
afr.com | Alex Longley |Julia Fanzeres |Myles Miller
Alex Longley, Julia Fanzeres and Myles MillerJun 5, 2025 – 8.41am or Subscribe to save articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe. Subscribe nowAlready a subscriber? London | A ship carrying about 3000 cars to Mexico was abandoned in the middle of the Pacific Ocean after catching fire, highlighting a growing risk to the transportation of electric vehicles.
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2 days ago | 
news.bloombergtax.com | Alex Longley |Myles Miller
A ship carrying about 3,000 cars to Mexico was abandoned in the middle of the Pacific Ocean after catching fire Tuesday, highlighting a growing risk to the transportation of electric vehicles. Smoke was first seen coming from a deck on the Morning Midas that was carrying about 800 EVs, the ship’s manager Zodiac Maritime said in a statement. The crew initiated firefighting procedures but the blaze could not be brought under control, it added.
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2 days ago | 
bloomberglinea.com.br | Alex Longley |Myles Miller |Marcelo del Pozo
Bloomberg — Um navio que transportava cerca de 3.000 carros para o México foi abandonado no meio do Oceano Pacífico depois de pegar fogo na terça-feira (3), destacando um risco crescente para o transporte de veículos elétricos. A fumaça foi vista pela primeira vez vindo de um convés do Morning Midas, que transportava cerca de 800 veículos elétricos, disse a operadora do navio, Zodiac Maritime, em um comunicado.
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2 days ago | 
news.bloomberglaw.com | Alex Longley |Myles Miller
A ship carrying about 3,000 cars to Mexico was abandoned in the middle of the Pacific Ocean after catching fire Tuesday, highlighting a growing risk to the transportation of electric vehicles. Smoke was first seen coming from a deck on the Morning Midas that was carrying about 800 EVs, the ship’s manager Zodiac Maritime said in a statement. The crew initiated firefighting procedures but the blaze could not be brought under control, it added.
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2 days ago | 
infobae.com | Alex Longley
(Bloomberg) -- Un barco que transportaba unos 3.000 automóviles a México fue abandonado en medio del océano Pacífico luego de incendiarse el martes. El humo se vio por primera vez saliendo de una cubierta del Morning Midas, que llevaba a bordo vehículos eléctricos, según informó en un comunicado Zodiac Maritime, operador del buque. La nave tiene unos 800 vehículos eléctricos a bordo.
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2 days ago | 
bloomberg.com | Yongchang Chin |Alex Longley |Anthony Di Paola
Crude oil storage tanks at Saudi Aramco's Ras Tanura oil refinery and oil terminal in Ras Tanura, Saudi Arabia. (Bloomberg) -- Saudi Aramco cut the price of its main oil grade to buyers in Asia after OPEC+ continued with its outsized output increases for a third month. The Saudis led the producer group over the weekend in agreeing to raise production by 411,000 barrels a day in July, a third straight month of outsized hikes.
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2 days ago | 
torontosun.com | Alex Longley
The ship departed the Chinese port of Yantai on May 26 bound for MexicoA ship carrying about 3,000 cars including electric vehicles to Mexico was abandoned in the middle of the Pacific Ocean after catching fire Tuesday. This advertisement has not loaded yet, but your article continues below. Create an account or sign in to continue with your reading experience. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience.
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2 days ago | 
seattletimes.com | Alex Longley
A ship carrying about 3,000 cars to Mexico was abandoned in the middle of the Pacific Ocean after catching fire Tuesday. Smoke was first seen coming from a deck on the Morning Midas that was carrying electric vehicles, the ship’s manager Zodiac Maritime said in a statement. It has about 800 EVs on board. The crew initiated firefighting procedures but the blaze could not be brought under control, it added.
