Oil and Gas
Oil alliance OPEC+ could extend production cuts this weekend as focus shifts away from Middle East tensions, sources say
The OPEC logo on the building of the Organization of the Petroleum Exporting Countries. Thomas Coex | Afp | Getty Images The oil-producing Organization of the Petroleum Exporting Countries and its allies could extend existing output cuts this week, delegates and analysts told CNBC, even as focus shifts from Middle East tensions to summer demand. […]
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Saudi Aramco offers nearly $11.5 billion in new stock for sale
The logo of Aramco is seen as security personnel walk before the start of a press conference by Aramco at the Plaza Conference Center in Dhahran, Saudi Arabia November 3, 2019. Hamad I Mohammed | Reuters Saudi Arabia’s state-controlled Aramco said it would sell some $11.5 billion worth of additional stock in an offering that […]
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Saudi Aramco to reportedly promote $10 billion to $20 billion value of shares in new supplying
Associates of media chat in advance of the begin of a press conference by Aramco at the Plaza Conference Center in Dhahran, Saudi Arabia November 3, 2019. Hamad I Mohammed | Reuters Saudi condition oil large Aramco programs to offer a refreshing sale of concerning $10 billion and $20 billion of its inventory as soon […]
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We’re adding to our geopolitical hedge and a struggling health-care stock
We’re adding to our lone oil stock and an out-of-favor medical-technology company. Source
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ConocoPhillips to acquire Marathon Oil in $17.1 billion all-inventory deal that bolsters shale property
ConocoPhillips Chairman & CEO Ryan Lance speaks all through the CERAWeek oil summit in Houston, Texas, on March 19, 2024. Mark Felix | AFP | Getty Photos ConocoPhillips agreed on Wednesday to get Marathon Oil in an all-inventory transaction really worth $17.1 billion that would bolster the company’s shale property as the broader oil and […]
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Hess shareholders to vote on Chevron deal as dispute with Exxon in excess of Guyana belongings produces uncertainty
Jaap Arriens | Nurphoto | Getty Images Hess shareholders will vote Tuesday on the New York-headquartered oil company’s pending acquisition by Chevron for $53 billion, as the timeline for when the deal may perhaps shut has develop into significantly murky with the businesses locked in a dispute with Exxon Mobil. The pending deal is in […]
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Iran strategies to elevate oil output to 4 million barrels for every day — Tasnim
The sunshine sets guiding a pumpjack during a gusty evening on March 24, 2024 in Fort Stockton, Texas. Brandon Bell | Getty Photographs Iran has authorised a plan to raise its oil output to four million barrels for each day, the country’s Tasnim news agency reported on Sunday, with no furnishing a time frame. “An […]
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Oil prices bounce back from 3-thirty day period lows but guide a loss for the 7 days
A Shell fuel station in Austin, Texas, on Might 3, 2024. Brandon Bell | Getty Illustrations or photos Crude oil futures bounced back again from three-thirty day period lows on Friday but nonetheless booked to a decline for the week, as the summer season driving year receives underway with the Memorial Working day holiday getaway. […]
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Previous BP exec’s ex-spouse gets jail for insider trading following eavesdropping on her phone calls
Sam Edwards | Getty Pictures The ex-husband of a former BP mergers and acquisitions manager was sentenced to two yrs in federal prison for insider trading that netted him $1.76 million after he eavesdropped on her function phone calls about the oil giant acquiring another company. The ex-spouse, Tyler Loudon, also was sentenced to 1 […]
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Biden to release 1 million barrels of gasoline to cut down costs at the pump in advance of July 4
US President Joe Biden provides remarks on initiatives to decrease high gasoline rates in the South Court docket Auditorium at Eisenhower Govt Office Setting up June 22, 2022 in Washington, DC. Jim Watson | AFP | Getty Illustrations or photos The Biden administration will launch 1 million barrels of gasoline from reserves held in the […]
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