News

Bullish Oil Options Wagers Surge as Trump Ramps Up Sanctions

(Bloomberg) -- Traders have been snapping up bullish oil options to hedge against the risk that US sanctions will cause prices to spike.Most Read from BloombergThey Built a Secret Apartment in a Mall. Now the Mall Is Dying.Why Did the Government Declare War on My Adorable Tiny Truck?Trump Slashed International Aid. Geneva Is Feeling the Impact.Chicago Transit Faces ‘Doomsday Scenario,’ Regional Agency SaysHow SUVs Are Making Traffic WorseAbout 231,000 Brent calls traded on Monday — the most sinc

Wall Street Sees Stock Rout Ending, While European Rivals Are Not So Sure

(Bloomberg) -- There’s a geographical divide growing in views of the stock market, with European banks more skeptical than their generally sanguine US rivals.Most Read from BloombergThey Built a Secret Apartment in a Mall. Now the Mall Is Dying.Why Did the Government Declare War on My Adorable Tiny Truck?Trump Slashed International Aid. Geneva Is Feeling the Impact.Chicago Transit Faces ‘Doomsday Scenario,’ Regional Agency SaysParis Votes to Make 500 More Streets Car-FreeStrategists at Switzerla

Portugal's Galp confident it will find alternative markets if US tariffs bite

Portuguese oil company Galp Energia's gasoline exports to the United States could be curtailed if U.S. President Donald Trump imposes tariffs on European goods, but the company is confident it can find alternative destinations. Executive Board member Ronald Doesburg, who is in charge of industrial assets, told Reuters on Tuesday that if U.S. demand for gasoline drops as a result of higher prices stemming from the proposed 25% tariffs, Galp will be able to deal with it.