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The latest oil and gas news, dedicated to all things oil and gas: people, technologies, transactions, trends, and macro-economic analysis that impact commodity prices.
Whenever a merger/acquisition like the deal this week between ExxonMobil and Permian pure-play independent Pioneer Natural Resources is announced, the analyst communit...
TC Energy's surprise plan last week to split the company accelerated a stock selloff, but shareholders bet the North American pipeline operator will finish the year on a higher note by completing the troubled Coastal GasLink project. Investors registered disappointment after TC said on July 24 it would sell a stake in two U.S. natural gas pipelines for less than some expected, then announced on Thursday plans to spin off its liquids business, including the Keystone oil pipeline. TC's return to focus on its natural gas pipeline roots, along with its power business and energy transit...
But bearish sentiment continues to limit oil's upside.
Refinery crude processing reach rates not seen since August 2019 in preparation for summer demand.