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May 24, 2021

Saudi Wealth Fund Dumps Oil Giant And Buys Videogame Stocks

Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), has sold all the 51 million shares it held in Canada’s oil producer Suncor Energy, regulatory […]
May 24, 2021

Shell: Nigeria Oil Operations Are Incompatible With Net-Zero Plans

Royal Dutch Shell does not see its upstream oil operations in Nigeria as compatible with its strategy to become a net-zero energy business, chief executive Ben […]
May 24, 2021

Crude Oil Inventories See Smaller Than Expected Build

he American Petroleum Institute (API) on Tuesday reported a build in crude oil inventories of 620,000 barrels for the week ending May 14. Analysts had predicted […]
May 24, 2021

Merger Mania Isn’t Over In America’s Shale Patch

Bonanza Creek Energy (BCEI.N) and Extraction Oil & Gas (EH4.MU) announced a merger this Monday, in an all-stock deal of $2.6 billion, forming one of Colorado’s […]
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