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Barsi-backed Unipar offers 43% premium for stake in Brazil's Braskem

Shares of Brazilian petrochemical firm Braskem soared on Monday after it confirmed a bid from Unipar Carbocloro for a controlling stake in the company at a premium of more than 40% over its previous closing price. ....

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Oil edges lower ahead of Fed meeting

Oil prices edged lower on Monday ahead of a Federal Reserve meeting as investors try to gauge the central bank's appetite for further rate hikes, while concerns about China's fuel demand growth and rising Russian crude supply weighed on the market. ....

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Factbox: Inflation pain: What are governments doing to ease it?

Pandemic-related disruptions to global supply chains and the effects of Russia's war in Ukraine have driven up prices of energy, commodities and necessities. ....

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US drillers cut oil and gas rigs for sixth week in a row - Baker Hughes

U.S. energy firms this week cut the number of oil and natural gas rigs operating for a sixth week in a row for the first time since July 2020, energy services firm Baker Hughes Co said in its closely followed report on Friday. ....

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Factbox: Jefferies sees AI fuelling next wave of innovation in oil and gas sector

With AI rapidly becoming a buzzword across industries, oil and gas companies are exploring ways to use this technology to fuel innovation in the energy sector. ....

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