Oil
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Business
ConocoPhillips to Acquire Marathon Oil in $22.5 Billion Deal
The takeover is the latest in a wave of consolidation sweeping the oil industry, with the biggest players rushing to…
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Business
Another Big Oil Deal Despite Regulatory Pushback and Market Volatility
ConocoPhillips has agreed to buy Marathon Oil for $22.5 billion, as consolidation in the U.S. energy sector shows little sign…
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Business
Russia’s War Machine Revs Up as the West’s Plan to Cap Oil Revenues Sputters
Russia has largely evaded attempts by the U.S. and Europe to keep it from profiting from its energy exports.
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World
Ukraine Strikes More Russian Oil Facilities in a Bid to Disrupt Military Logistics
Analysts say Ukraine is trying to disrupt the Russian military’s logistical routes and combat operations by targeting the facilities that…
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Business
Oil Companies Expand Offshore Drilling, Pointing to Energy Needs
Shell and others say they plan to drill for oil and gas in the Gulf of Mexico in part because…
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Business
F.T.C. Clears Exxon Mobil’s Acquisition of Pioneer Natural Resources
The Federal Trade Commission will bar Pioneer’s chief executive, Scott Sheffield, from joining Exxon’s board, saying he colluded with OPEC…
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Business
ExxonMobil and Chevron Report Lower Earnings
Profits for the two oil giants, which are locked in a standoff over drilling off the coast of Guyana, were…
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Business
Why Oil Prices Have Been Rising Recently
The increase this year, prompted by geopolitical worries and supply constraints, has sent gasoline prices higher and could hamper efforts…
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Business
Rising Oil Prices Reignite Inflation Fears
The price of Brent crude rose to a six-month high on Friday, a potential dose of bad news for central…
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Business
Oil Executives, Meeting in Texas, Cast Doubts on ‘Fantasy’ Energy Transition
The comments by a Saudi executive raised questions regarding whose predictions about the future of oil and gas are more…