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Exxon to Sell Older Permian Assets to Hilcorp in $1 Billion Deal, Sources Say

By Shariq Khan and David French Exxon confirms sale of assets, declines to disclose buyer and valuation Hilcorp won auction for the assets with offer of around $1 billion – sources NEW YORK, Nov 12 (Reuters) – Top U.S. oil producer Exxon Mobil Corp (XOM.N) has agreed to sell conventional oil drilling assets in the …

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OPEC Again Cuts 2024, 2025 Oil Demand Growth Forecasts

By Alex Lawler Makes fourth cut in 2024 oil demand growth forecast Cuts view on Chinese demand growth to 450,000 bpd IEA to publish updated forecasts on Thursday LONDON, Nov 12 (Reuters) – OPEC cut its forecast for global oil demand growth this year and next on Tuesday, highlighting weakness in China, India and other …

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