Occidental Petroleum Corp. is in talks to buy shale driller CrownRock LP, according to the Wall Street Journal, as the consolidation wave in North America’s most prolific oil field gathers momentum.
Saudi Aramco is forecast to cut the price of its flagship oil grade to Asia for the first time since June as an influx of cheaper US and European barrels drives up competition in the world’s biggest importing region.
Oil edged higher after a string of losses as the market weighed the possibility of deeper output cuts from OPEC+ against signs global supply is running ahead of demand.
Europe Is Already Facing Its Next Energy Crisis
Equinor Says Harsh Winter Would See Asia, EU Battling for Gas
PAG Said to Sell AirPower’s Gas Business for $6.8 Billion
Hungary’s Credit Outlook Cut to Negative by Moody’s Ratings
Real progress in reducing emissions from oil and gas operations
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