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.
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
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.