Exxon Mobil is reportedly in talks to buy Pioneer Natural Resources, a major shale driller, in what would be the biggest takeover of the year.
Category: Oil (Petroleum) and Gasoline
-
Why High Interest Rates and Energy Prices Are Stressing the Economy
Treasury rates and oil and gasoline prices have been increasing, putting the Fed in a difficult spot, our columnist says.
-
Wall Street on Edge After Worst Month of the Year
A series of potential problems, including rising oil prices and labor strikes, have prompted a much warier mood among investors.
-
Oil Prices on a March Toward $100 a Barrel
Analysts have raised their forecasts for oil prices, as they try to understand Saudi Arabia’s intentions with recent production cuts.
-
Britain to Allow Big North Sea Oil Field, Despite Climate Concerns
A go-ahead for a long-delayed $9.4 billion drilling project is expected to support the oil industry and provide energy security, but environmental advocates were outraged.
-
As Fed Battles Inflation, the Dollar Keeps Its Swagger
The U.S. currency has been on a tear, and the Fed’s decision to keep interest rates steady is likely to keep the dollar “higher for longer,” our columnist says.
-
$100 Oil Could Scramble the Fed’s Efforts to Ease Inflation
Goldman Sachs and others are predicting that crude will hit triple-digit prices, a scenario that could impact global economic growth.
-
Gas Prices Have Crept Higher This Summer, a Challenge for the Fed
Now at their highest level in 11 months, they can complicate the Federal Reserve’s campaign to rein in inflation.