Jack Wittels - Profile and Journalist Details
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Jack Wittels
Verified
Reporter, Bloomberg News
England
Beats
Sports, Lifestyle, Fashion.
Content
By Rachel Graham Verified, Jack Wittels Verified| Bloomberg News Verified Heating oil delivered to a home near Frankfurt. (Bloomberg) -- A German online heating oil platform registered record fuel sales on the day that crude prices plunged to a four-year low earlier this month. The Heizoel24 sales platform handled the highest volume on April 9 for any day since it started operations 20 years ago, Managing Director Oliver Klapschus said Wednesday. The volume of heating oil sold that week was six times the normal level, he said.
By Jack Wittels Verified, Nicholas Lua| Bloomberg News Verified (Bloomberg) -- One of the oil market’s dirtiest fuels is giving many refiners’ margins a boost as the industry contends with a weaker demand outlook. High-sulfur fuel oil — a gloopy substance used in power generation and as ship fuel — is the strongest it’s been for the time of year against crude since 2020 in Europe and since 2022 in Singapore, according to figures from commodity data provider General Index.
By Rachel Graham Verified, Jack Wittels Verified| Bloomberg News Verified Heating oil delivered to a home near Frankfurt. (Bloomberg) -- A German online heating oil platform registered record fuel sales on the day that crude prices plunged to a four-year low earlier this month. The Heizoel24 sales platform handled the highest volume on April 9 for any day since it started operations 20 years ago, Managing Director Oliver Klapschus said Wednesday. The volume of heating oil sold that week was six times the normal level, he said.
Company Info
Bloomberg News
Bloomberg L.P. is a global financial data, software, and media company founded in 1981 by Michael Bloomberg and his partners. Originally named Innovative Market Systems, it rebranded to Bloomberg L.P. in 1986. The company is renowned for the Bloomberg Terminal, a proprietary platform that provides real-time financial data, analytics, and trading tools to over 350,000 subscribers worldwide. Bloomberg operates in three main areas: financial technology, news/media, and data analytics. Its flagship product, the Bloomberg Terminal, offers market data, news, and communication tools for financial professionals. Bloomberg News, with over 120 bureaus globally, covers financial markets, politics, and technology across various platforms, including digital, television, and print. The company also provides specialized data and analytics services, including legal and regulatory information, through its acquisitions. Bloomberg L.P. is privately held, with an estimated revenue of $12.5 billion in 2023, primarily from terminal subscriptions.
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Founded: 1981