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Good morning from the Financial Times.
Today is Tuesday, April 29th, and this is your FT News Briefing.
Big oil is in for a rough year, and Spain and Portugal are reeling after a massive power outage.
Plus, the Swiss franc has become extremely popular,
and that could be a very large problem for the country.
I'm Mark Filippino, and here's the news you need to start your day.
I don't think I'm telling you anything you don't already know when I say oil is having a terrible time right now.
But just how bad is it?
Well, big oil is reporting quarterly earnings this week,
and the industry is bracing for its worst year since the pandemic.
Here to talk to me about it is the FT's energy editor, Malcolm Moore.
Hey, Malcolm.