• 2 minutes CV19: New York 21% infection rate + 40% Existing T-Cell immunity = 61% = Herd Immunity ?
  • 4 minutes Is The Three Gorges Dam on the Brink of Collapse?
  • 7 minutes Sources confirm Trump to sign two new Executive orders.
  • 2 hours In a Nutshell...
  • 1 day No More Love: Kanye West Breaks With Trump, Claims 2020 Run Is Not A Stunt
  • 1 day The Coal Industry May Never Recover From The Pandemic
  • 15 hours Better Days Are (Not) Coming: Fed Officials Suggest U.S. Recovery May Be Stalling
  • 2 days A Real Reality Check on "Green Hydrogen"
  • 2 days Why Oil could hit $100
  • 20 hours Where is Alberta, Canada headed?
  • 1 day Putin Paid Militants to Kill US Troops
  • 2 days Why Wind is pitiful for most regions on earth
  • 1 day During March, April, May the states with the highest infections/deaths were NY, NJ, Ma. . . . . Today (June) the three have the best numbers. How ? Herd immunity ?
Editorial Dept

Editorial Dept

More Info

Premium Content

A Fascinating Week For M&A Activity

With oil prices having enjoyed amazing weekly gains on the back of the OPEC production cut deal, tight markets and a string of sanctions - something’s got to give, and on Friday morning it started, with prices shedding 2%. Following the end of sanctions waivers for Iranian crude, the market is expected to further tighten, and OPEC countries could raise output if demand necessitates. What the Saudis seem to be hoping for is a narrow spread between WTI and Brent crude, so watch for production adjustments to ensure that WTI stays in the range between $70-$80.

Prices aside, this week has seen the relatively unchanged continuation of the conflict in Libya, bringing us no closer to the endgame, as well as a political-crisis regarding the leadership of Algeria’s sate-run Sonatrach, and - perhaps most interestingly - all-out corporate warfare in the juiciest part of the American shale patch ...

Fascinating M&A Activity from Permian to North Sea

There are vast amounts of ego floating around the oil patch right now. Last week’s excitement over Chevron’s $33-billion bid for Anadarko’s Permian Basin assets was followed by some unusual activity in oil markets this week in the form of an unexpected bidding war. Bidding wars aren’t par for the course in the oil industry, so when Occidental broke the unspoken rules by making a public $38-billion offer for Anadarko in an attempt to derail Chevron’s deal, it was not well-received…





Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News