Bloomberg A narrow waterway off Singapore has become even more congested as oil-laden tankers wait out a slump in global fuel consumption that’s crimped demand and boosted the use of ships to store cargoes. About 60 clean fuel tankers are currently anchored along the busy strait, up from the usual 30-40 ships, according to Rahul Kapoor, head of commodity analytics ...

Bloomberg Argentina and the province of Buenos Aires will start setting up virtual meetings this week with institutional investors as they continue the process of restructuring more than $76 billion in debt, according to people familiar with the plan. The national government will call on about 20 institutions and funds — including BlackRock, Ashmore and Fintech’s David Martinez — to ...

Bloomberg For the first time in a decade, the world risks being cut off from Russian wheat at a time when some key buyers are rushing to import it. The top shipper last month limited sales through June to protect its own supply as the coronavirus crisis sparks food-security concerns around the world. Although the curbs were seen loose enough ...