Algiers’ restrictive oil and gas policies have hindered development over the years, but the EU’s need for alternatives to Russian gas could offer the sector a new lease of life. [Gas in Transition, Volume 3, Issue 3]
Gas prices at the pump rose over the past week in the wake of higher oil prices, with experts foreseeing more increases as long as oil costs remain elevated.
Exxon Mobil Corp has held preliminary talks with Pioneer Natural Resources Co about a possible acquisition of the U.S. shale oil producer, the Wall Street Journal reported on Friday, citing people familiar with the matter.