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By Aaron Weinman and Chunzi Xu Brookfield Asset Management Ltd. is lining up approximately $3 billion in debt financing to support its purchase of Colonial Enterprises, which operates the Colonial Pipeline in the US, according to people familiar with the matter. Morgan Stanley is leading the financing and a deal could emerge in the leveraged …
Brookfield Eyes $3 Billion in Debt for Colonial Pipeline Read More »
By Dmitry Zhdannikov, Olesya Astakhova and Ahmad Ghaddar OPEC+ may discuss hike larger than 411,000 bpd, sources say Eight OPEC+ members to meet online on Saturday at 0900 GMT Kazakhstan has informed OPEC it won’t cut output For an EXPLAINER on OPEC+ output cuts, click here LONDON/MOSCOW, May 30 (Reuters) – OPEC+ may discuss an …
OPEC+ May Discuss Oil Output Hike Larger Than 411,000 bpd for July, Sources Say Read More »
HOUSTON, May 30, 2025 /PRNewswire/ — EOG Resources, Inc. (EOG) today announced a definitive agreement with Canada Pension Plan Investment Board (CPP) and Encino Energy under which EOG will acquire Encino Acquisition Partners (EAP or Encino) for $5.6 billion, inclusive of EAP’s net debt. EOG currently expects to fund the acquisition through $3.5 billion of debt …
(Reuters) – U.S. energy company Williams Cos said on Thursday it was working with federal and state regulators to revive two previously canceled natural gas pipelines from Pennsylvania to New York. The pipelines are the Northeast Supply Enhancement (NESE) from Pennsylvania to New Jersey and New York and the Constitution Pipeline from Pennsylvania to New …
(Reuters) – U.S. crude and fuel inventories all fell last week, while crude imports from Nigeria hit their highest level in nearly six years, the Energy Information Administration said on Thursday. Crude inventories fell by 2.8 million barrels to 440.4 million barrels in the week ending May 23, the EIA said, compared with analysts’ expectations …
US Crude and Fuel Inventories Fall, Nigerian Crude Imports Jump, EIA Says Read More »
By law, Musk’s status as a temporary government official was set to run out as soon as May 30 By Gregory Korte, Jennifer A. Dlouhy and Dana Hull Billionaire Elon Musk said Wednesday that his time as formal adviser to United States President Donald Trump is coming to a close, raising questions about the future …
Musk Departs U.S. Government With Business Empire in Flux Read More »
By Grant Smith Saudi Arabia and its partners have discussed another large output hike, even as prices slide and demand wavers. Saudi Energy Minister Prince Abdulaziz bin Salman, who has recently doubled down on a radical OPEC strategy shift. Photographer: Vladimir Simicek/AFP via Getty Images OPEC+ looks set to push more oil onto a fragile …
By Sybilla Gross and Yongchang Chin Goldman Sachs Group Inc. touted gold and oil as hedges against inflation in long-term portfolios, citing the appeal of bullion as a haven amid concerns over US institutional credibility and crude’s ability to protect against supply shocks. Analysts including Daan Struyven said investors with so-called 60/40 portfolios — an …
Goldman Urges Investors to Buy Gold and Oil as Long-Term Hedges Read More »
Who knew the three judges at the rather obscure United States Court of International Trade had the power to spark a rally in global stock markets and shove the dollar higher against its safe-haven peers? Early in the Asian trading day, news broke the court had declared President Donald Trump’s April 2 tariffs to be …
MARKETS REACT: Markets Hope Trump Tariffs Stay ‘Unlawful’ Read More »
(Reuters) – ADNOC Drilling will acquire a 70% stake in oil services firm SLB’s onshore rig business in Oman and Kuwait for up to $112 million, creating a joint venture it seeks to double in the next year, its chief financial officer said on Thursday. The acquisition, expected to close in the first quarter of …
ADNOC Drilling Buys into SLB’s Oman and Kuwait Rig Business Read More »
