Oil
Occidental to Buy Oil Driller CrownRock for $10.8 Billion
Dec 11, 2023Occidental Petroleum Corp. agreed to acquire Texas shale driller CrownRock LP in a cash-and-stock deal valued at about $10.8 billion as consolidation heats up in North America’s most-prolific oil basin.
Oil Steadies After Glut Fears Drove Worst Losing Run Since 2018
Dec 11, 2023Oil steadied after its longest weekly losing streak in five years, driven by signs that supply is starting to run ahead of demand.
China’s Electricity Pricing Shifts in Blow to Solar Power, Boon for Batteries
Dec 11, 2023China is changing its power system in ways that reduce payments to solar providers while making energy storage more profitable, as it seeks to digest an unprecedented boom in new solar panels across the country.
