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Russia to Explore Mega Oil Merger
Russia to ‘merge three oil companies’ to boost war effort
Russia is seeking to merge three major oil companies in a bid to create the world’s second-biggest crude oil producer, reports suggest. The combination of state-backed Rosneft Oil, Gazprom Neft and privately-owned Lukoil would be second to Saudi Arabia’s Aramco and pump almost three times US oil producer Exxon’s output,
Russia Explores Plan to Merge Oil Giants Into Mega Producer
The resulting company would be the world’s second-largest crude producer, behind Saudi Arabia’s Aramco, and would pump almost three times the output of Exxon Mobil.
Russia to Explore Mega Oil Merger -WSJ
Moscow is exploring a plan to merge its three largest oil companies into a single mega oil producer, The Wall Street Journal reported Saturday. Under the merger, state-backed Rosneft Oil would absorb Gazprom Neft—a subsidiary of the natural gas giant Gazprom—and Lukoil,
1d
Trump-led oil & gas export boom may go bust in Europe trade spat
Oil and gas producers in the United States expect to find it easier to ramp up output and exploration under the incoming ...
1d
U.S. completes oil-reserve purchases tied to emergency sales in 2022
The Department of Energy on Friday said it bought 2.4 million barrels of oil for the nation’s Strategic Petroleum Reserve, ...
2d
Oil Prices Drop After Trump Victory
Oil prices fell as Donald Trump secured the presidency. Brent, the global benchmark for crude oil, fell nearly 2% to trade a ...
1d
India says oil prices would have rocketed without its Russian imports
Global oil prices "would have hit the roof" if big importer India had not bought oil from Russia following the Ukraine war, ...
1d
on MSN
Oil ends down on the day, up for the week on conflicting supply-demand prospects
Oil futures finished lower on Friday, with China’s latest round of stimulus measures failing to lift expectations for energy ...
2d
on MSN
Oil’s Election Spike Isn’t Lasting
After a pause to digest the election results, oil companies are likely to focus on figuring out how to hedge their production ...
1d
Citi predicts pressure on oil prices in 2025 under second Trump presidency
Crude oil futures slump on concerns about Chinese demand and limited impact from Hurricane Rafael; Biden administration buys ...
1d
Tether Funds First Oil Trade for Major Producer in Middle East
Stablecoin issuer Tether said it completed the funding of its first crude oil transaction in the Middle East as part of a ...
2d
on MSN
Hours after Trump win, Biden moves to limit oil drilling in Arctic National Wildlife Refuge
The auction is slated for the Arctic National Wildlife Refuge’s coastal plain, which provides critical habitat for polar ...
1d
Ukraine war latest: Ukrainian drones hit oil refinery in Russia's Saratov, HUR source says
Ukrainian drones hit oil refinery in Russia's Saratov, HUR source confirms Ukraine to receive $6 billion in US military aid ...
1d
Canada’s New Oil Pipeline Worth Up to $24 Billion, Report Finds
A project to triple the capacity of the Trans Mountain Pipeline still has a high value after massive cost overruns to build ...
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