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Finance & Markets

Braskem Creditors Shun Debt Plan, Push Owners to Inject Cash

Braskem SA’s bondholders are balking at a restructuring proposal presented by the petrochemical giant, increasing pressure on Petrobras to commit fresh capital into the business, according to people familiar with the matter.

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

Read the original at bloomberg.com →

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No relief in sight for U.S. drivers as gas and diesel prices surge

The Iran war and Russia-Ukraine conflict are knocking out global refining capacity, pushing fuel prices higher, analysts said.

  • Gas prices surge 7 cents to $4.44/gallon, 50% increase since Iran war began
  • Diesel hits record $6.40/gallon, 77 cents rise since early September
  • Geopolitical conflicts reduce global oil supply, driving prices higher

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