[Tree] ConocoPhillips, Marathon Oil, FTC, merger, oil and gas
Version 0.17 (2024-07-12 11:58:31.429000)
updates: ConocoPhillips and Marathon Oil merger faces second request from US FTC
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Version 0.16 (2024-06-09 18:54:27.209000)
updates: Connectus Wealth LLC reduces holdings in Marathon Petroleum Co.
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Version 0.15 (2024-06-09 13:53:26.559000)
updates: Investment in Marathon Oil Co. by Westwood Holdings Group Inc.
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Version 0.14 (2024-05-29 22:54:03.294000)
updates: Acquisition value, expected cost and capital savings, closing timeline
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Version 0.13 (2024-05-29 19:53:34.447000)
updates: Announcement of ConocoPhillips' acquisition of Marathon Oil
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Version 0.12 (2024-05-09 14:53:37.950000)
updates: Integrates concerns of a US recession and vulnerability of ConocoPhillips' stock
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Version 0.11 (2024-04-11 02:19:14.828000)
updates: Updated information on ConocoPhillips' stock performance and potential earnings boost
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Version 0.1 (2024-04-07 16:20:28.700000)
updates: Integration of new information about the surge in oil industry stocks in March
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Version 0.09 (2024-04-04 11:17:55.052000)
updates: Integration of information about the strong US economy and unexpected increase in US crude oil inventories
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Version 0.08 (2024-04-03 06:23:38.167000)
updates: Oil prices steadied amid concerns over crude and fuel supplies
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Version 0.07 (2024-03-17 08:19:30.515000)
updates: Added information about geopolitical tensions in the Middle East and OPEC's efforts to maintain market stability
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Version 0.06 (2024-03-13 08:31:31.569000)
updates: Oil prices stabilized after a two-day decline, as a report showed that US inventories are continuing to expand, indicating that supply may be outpacing demand. The American Petroleum Institute (API) reported that US nationwide stockpiles increased by 400,000 barrels last week. This news comes as tensions in the Middle East, disruptions to shipping, and OPEC+ production cuts have supported the US crude benchmark, which has risen by about 9% this year. However, concerns over the demand outlook, particularly in China, and the surge in supply from non-OPEC producers such as the US, Brazil, and Guyana have capped gains. In addition, Saudi Arabia unexpectedly raised prices for its main oil grade to buyers in Asia, following OPEC+'s decision to extend output cuts until the end of June. China has set a bullish target of around 5% economic growth for this year. Investors are also keeping an eye on Federal Reserve Chair Jerome Powell's testimony before the House Financial Services Committee for insights into the path of US monetary policy. Oil is holding steady as investors await the US inflation report and other key data inputs. Western Texas Intermediate futures are near $78 a barrel. Traders are watching for a possible hotter-than-expected US inflation read on Tuesday, which could impact monetary policy. Monthly oil market reports from the IEA, OPEC, and the US are also due this week. Oil is experiencing low volatility as it balances bullish factors like OPEC+ production cuts and Middle East tensions with rising supply from outside the group and concerns about China's economic outlook. Iran's oil exports have reached their highest level since 2018. Standard Chartered PLC stocks (37ZL.L, 37ZM.L, 58GZ.L) are also mentioned in the article. [d8ec4238] [6d5c9120] [38cc5526]
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Version 0.05 (2024-03-13 01:22:02.244000)
updates: Oil climbed after industry report showed shrinking US stockpiles
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Version 0.04 (2024-03-11 16:17:46.491000)
updates: Integration of information about investors awaiting US inflation report
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Version 0.03 (2024-03-06 01:20:51.310000)
updates: Oil prices stabilize after two-day drop on US stockpiles
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Version 0.02 (2023-12-11 03:57:13.274000)
updates: Oil prices rise on concerns over crude oversupply
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Version 0.01 (2023-12-11 03:16:10.860000)
updates: Oil prices rise as US seeks to replenish strategic reserves
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