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Access complimentary updatesSimply subscribe to the Petroleum & Natural Gas sector myFT Digest — delivered straight to your inbox.A convoy of massive oil tankers is making its way towards Saudi Arabia’s Red Sea shoreline, as the monarchy endeavors swiftly to redirect petroleum shipments confined in the Gulf due to the conflict with Iran.Roughly thirty vessels, designated as very large crude carriers and each able to transport over 2 million barrels of oil, are en route to the monarchy’s western harbor of Yanbu in the coming days. This marks a significant increase from the long-term average of approximately two per month,…
Ryan McFaddenMar 12, 2026, 01:45 AM ETCloseRyan McFadden provides coverage of the Las Vegas Raiders for ESPN’s NFL Nation. Before his tenure at ESPN, McFadden previously served as a Denver Broncos beat reporter for the Denver Post. Additionally, McFadden penned articles concerning the Baltimore Ravens and University of Maryland sports for The Baltimore Sun.Multiple AuthorsHENDERSON, Nev. — Esteemed edge rusher Maxx Crosby voiced his unwavering commitment to the Las Vegas Raiders on Wednesday evening, marking his initial public declarations since the Ravens nullified a transaction that would have transferred him to Baltimore.”Everything Happens For A Reason,” Crosby communicated in a…
Access the Editor’s Summary without chargeRoula Khalaf, the FT’s Editor, curates her preferred articles for this weekly bulletin.A US investment fund specializing in distressed debt has informed its investors that private credit providers, including Blue Owl, are concealing vulnerabilities within their asset portfolios, and a substantial market correction in fixed-income instruments is fast approaching. In a presentation reviewed by the FT, Glendon Capital Management, a $5 billion firm based in Los Angeles, asserted that private credit funds overseen by Blue Owl and numerous peer organizations had “falsely portrayed” default rates within their holdings and were sitting on “greater impairments than…
The United Kingdom and Australia are exploring methods to bolster collaboration among their steel sectors to support the AUKUS submarine initiative, as revealed in a parliamentary response from Defence Secretary Luke Pollard. In reply to Conservative Member of Parliament Ben Obese-Jecty, Pollard mentioned that the matter was deliberated upon during the inaugural Australia–UK Defence Industry Exchange since 2018, convened with Australian Defence Industry Secretary Pat Conroy. “I was delighted to welcome Secretary Pat Conroy for the inaugural Australia-UK Defence Industry Exchange since 2018,” Pollard stated. “Being among our nearest confederates, we engaged in productive talks concerning our joint efforts towards…
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Alexa PhilippouMar 12, 2026, 03:09 AM ETCloseReports on women’s collegiate basketball and the WNBA Earlier reported on UConn and the WNBA Connecticut Sun for the Hartford Courant A Stanford alumna and Baltimore native with additional tenure at the Dallas Morning News, Seattle Times, and Cincinnati EnquirerMultiple AuthorsNEW YORK — WNBPA president Nneka Ogwumike informed journalists late Wednesday that players are “perceiving progress” in contractual negotiations and are “dedicated to participation in the discussions.” This announcement came after two consecutive days of extended deliberations involving the WNBA and its athlete’s association.A new agreement has yet to be reached by both parties,…
The Royal Navy’s versatile frigates are destined to hold a crucial position in Britain’s developing Atlantic Bastion strategy for safeguarding the North Atlantic, as per a written parliamentary response from Defence Minister Al Carns. Addressing queries posed by Labour MP Luke Akehurst, Carns indicated that these vessels would persist in offering naval presence and security duties, simultaneously integrating with novel uncrewed technologies. “As part of the Atlantic Bastion framework, multi-role Royal Navy frigates will maintain a significant function in delivering naval presence, surveillance, convoy duties, and assurance operations,” Carns affirmed. He further noted that the ships would moreover serve as…
A parliamentary response in writing indicates that the UK administration already holds enhanced capabilities for addressing poorly performing military suppliers, following the enactment of the Procurement Act 2023. In reply to an inquiry from Labour dignitary Lord Spellar, Lord Coaker, the Minister for Defence, affirmed that the legislation offers provisions akin in purpose to actions emphasized in a contemporary American presidential decree concerning military procurement agreements. Lord Spellar had inquired if the administration had evaluated the American Presidential Directive “Prioritizing the warfighter in defense contracting”, promulgated on January 7th, and if comparable steps ought to be adopted within the United…
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Keep abreast of complimentary newsRegister for the Financial services myFT Digest, which arrives straight in your inbox.BlackRock, UBS, and Legal & General are included in the group of investment firms providing over sixty actively managed environmental, social, and governance portfolios that hold stakes in BP, even though the company has scaled back its commitment to renewable energy to refocus on hydrocarbon resources.An examination by the FT, drawing upon statistics from the data supplier, Morningstar Direct, revealed that upwards of 110 actively and passively managed ESG portfolios had investments in BP by the end of 2025.Early in the year, BP opted…