Kevin Matte :
When Trump was president, he had a positive relationship with Saudi Arabia, the 2nd largest oil producer in the world. Now that Biden is in power, Iran and Saudi Arabia seem to be laughing in his face. IMO It's not really in their interest to piss off Biden. I think they would regret it if Trump gets re-elected.
👉 Key Highlights: 📍 Saudi Arabia extends 1-million-barrel daily oil cut until end of June. 📍 Riyadh's production to stay at 9 million barrels per day through Q2. 📍 Extension follows initial cut since July last year, set to expire this month. 📍 OPEC+ voluntary cuts total 2.2 million barrels per day, with future extensions uncertain. 📍 Oil prices have been fluctuating within $75 to $85 desp...
As consolidation in the energy industry accelerates, mergers and acquisitions have been particularly active this year in the U.S. oil sector, with producers actively seeking high-quality assets in the prolific Permian Basin. On Monday, Buffett-backed$西方石油(OXY.US)$announced its acquisition of CrownRock, one of the most popular private shale oil producers in the United States, for $12 ...
📣BREAKING: Berkshire Hathaway Ups Stake in Occidental Petroleum, Now Holds Over 25% of the Company!$西方石油(OXY.US)$$埃克森美孚(XOM.US)$$雪佛龙(CVX.US)$$先锋自然资源(PXD.US)$ Key Details: ✅ Berkshire Hathaway recently bought 3.9 million shares of Occidental Petroleum (OXY), taking its stake to 228 million shares valued at $14.5 billion. ✅ The recent purchase was made at an average price close to $63 a share. ✅ Occidental shares rose 1.2% on Wednesday to $63.47 follow...
Following the $59.5 billion acquisition of Pioneer Natural Resources$先锋自然资源(PXD.US)$by ExxonMobil$埃克森美孚(XOM.US)$, the Jim Cramer Charitable Fund has decided to sell all 300 of its shares in Pioneer Natural Resources (PXD). Although the fund had the option to hold Pioneer shares until the expected merger closing date of June 30, 2024, it preferred to cash out the profits and reinvest the cash in other...
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Pipeline Operator :
that just means everyone should do the opposite. that guy is an idiot
$埃克森美孚(XOM.US)$+$先锋自然资源(PXD.US)$would make Exxon the largest player in the Permian Exxon's $59.5 billion all-stock acquisition of Pioneer Natural Resources put downward pressure on the energy sector, leading to a 3.6% dip in Exxon's shares and a 2.5% drop in WTI crude oil prices. Meanwhile, the consumer staples and health care sectors also faced declines.
Kevin Matte : When Trump was president, he had a positive relationship with Saudi Arabia, the 2nd largest oil producer in the world. Now that Biden is in power, Iran and Saudi Arabia seem to be laughing in his face. IMO It's not really in their interest to piss off Biden. I think they would regret it if Trump gets re-elected.