Increasing Output U.S. oil production has hit a record high this year with more than 13 million barrels per day. There doesn’t seem to be any slowing down in sight either, but that could lead to some geopolitical tensions. Not every oil producing country is ramping up drilling. OPEC+ (the Organization of the Petroleum Exporting…Read more
Merger Momentum The past week has been big for mergers and acquisitions in the oil industry. On Monday, Chevron (CVX) revealed its intent to purchase Hess (HES) for $53 billion. But that was only the second largest deal of the week, it turned out.. The first belongs to Chevron’s competitor ExxonMobil (XOM), which announced its…Read more
