Colonial Pipeline’s Computer Network Temporarily Goes Dark

https://www.bloomberg.com/news/articles/2021-05-18/colonial-shippers-say-pipeline-communication-system-is-down

(Gasoline & Diesel)

BHP signals determination to shift its portfolio decisively away from steel-making commodities

FTSE 100 energy majors want to improve valuations and close discount with US rivals

Octogenarian founder of Hin Leong Trading hid huge losses in futures markets from banks

Calpers concerned oil supermajor is seeking to muzzle activist shareholders

The FTC’s ruling on Exxon-Pioneer deal shines a spotlight on the workings of Opec and industry executives

The company requires a new plan to create value from the troubled mining house

Also in today’s newsletter, Ken Griffin weighs whether he’ll back Trump or Biden

A significant strategic shift is far more important than looking to solutions abroad

Japanese company’s $14.9bn proposed purchase of US Steel sparked bipartisan political backlash

SGX needs help despite the country’s role as a thriving financial centre