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...Eni would hold 38 to 39 per cent of the enlarged group under the limited details released so far. The combination would raise Ithaca’s production to above 100,000 barrels/day....
...Pepco, owner of the Poundland retail chain, has warned that disruption in the Red Sea is leading to higher freight costs and could hit product supply....
...“Capacity is very limited,” he said....
...“Both sides have the willingness to maintain the openness of communication but so far, I think the practical results are still limited,” said Zhao....
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...After the FT broke the news of the talks, Iran’s IRNA state news agency quoted an “informed source” as saying the discussions were limited to the lifting of US sanctions on Tehran....
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...The critical feedback drowns in the sea of noise. What does this mean for the content itself?...
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...“I think everybody is in agreement that the most effective way to get aid into Gaza is by trucks . . . even the people who would like to have this sea corridor.”...
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...in the Red Sea....
...Time was when the bottlenecks in global trade were limited in number and obvious to all. In 1904, the British Royal Navy admiral Sir John Fisher declared: “Five keys lock up the world!...
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...While disruptions in the Red Sea have raised spot freight rates, most vessels are contracted under long-term agreements so the benefits to shipowners are expected to be limited....
...The Houthis, whose attacks on container ships and US navy vessels in the Red Sea have severely limited commercial traffic through the Suez Canal, are a much tougher challenge....
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...The outperformance under Biden underlines the limited role of the White House in dictating the sector’s fortunes....
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