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World's Biggest Physical Oil Trader Warns Of Months Of Price Volatility
World's Biggest Physical Oil Trader Warns Of Months Of Price Volatility
By Michael Kern of OilPrice.com
Seasonally lower demand ahead of the peak summer driving season and the continued turbulence in the Middle East could extend the violent oil price swings for months ahead, the top executive of oil trader Gunvor has told the Financial Times.
“It is a little bit of a more challenging, softer period that we need to be careful of,” Gary Pedersen, chairman and CEO of Gunvor Group, told FT in an interview published on Monday.
“Frankly, it could...
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Apr 20, 2026 / Dave DeCamp
US and Philippines Launch Their ‘Biggest Ever’ Balikatan Drills With Large Japanese Contingent for First Time
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Israeli Strikes Across Lebanon Killed at Least 22
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Mar 26, 2026 / Tyler Durden
The 'Blame Game' In Private Credit Begins
The 'Blame Game' In Private Credit Begins
Submitted by QTR's Fringe Finance
This morning I warned (again) this wasn’t a normal market in private credit. It was a liquidity event. And today it’s becoming something else too.
According to the Financial Times, the SEC is now questioning whether Egan-Jones, a small but deeply embedded credit rating agency in private credit, can “consistently produce credit ratings with integrity.” That’s not a routine inquiry. That’s the regulator openly wondering whether one of the key cogs in the machine was ever doing its job properly in the first place....
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