May
BP-Shell Megadeal Would Create European Rival to Exxon Mobil
If Shell Plc were to acquire BP Plc, it would be among the largest deals in European history, creating for the first time a European oil major that could challenge industry leaders Exxon Mobil Corp. and Chevron Corp.
EU Floats Sanctions on Lukoil Dubai Unit for Shadow Fleet Link
The European Union is considering imposing sanctions on Litasco Middle East DMCC, a Dubai-based trading unit of Russian oil giant Lukoil PJSC, as part of sweeping new measures targeting Moscow’s covert fleet of tankers.
US Shale Output Has Peaked as Prices Fall, Diamondback Says
Diamondback Energy Inc., the largest independent oil producer in the Permian Basin, says production has likely peaked in America’s prolific shale fields and will decline in the months ahead after crude prices plummeted.
