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Pioneer Surges 6% After Informal Exxon Talks

Pioneer Natural Resources shares have gained 6% so far on Monday following news reports that ExxonMobil is considering an acquisition of the pure-play shale producer in the Permian basin. ....

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Russian Diesel Exports Find New Home In Latin America

The European Union’s embargo on Russian oil products, which went into effect on February 5, has resulted in the diversion of Russian diesel not only to Asia, Africa and the Middle East, but also increasingly to Latin America ....

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Prices At The Pump Rise For Second Straight Week

The national average for a gallon of gasoline in the United States has risen for the second week in a row, up 8.8 cents from a week ago, to $3.57 ....

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Offshore Oil Workers To Stage Biggest Strike In A Generation

Over 1,300 offshore workers are set to strike in a dispute over pay, which will bring dozens of oil and gas platforms to a standstill for 48-hours in the biggest offshore stoppage in a generation. ....

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Central Banks Double Down On Gold Buying

There’s no sign of a slowdown in central bank gold buying. In February, central bank gold reserves rose by another 52 tons, according to the. ....

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