Category News Update

Shell Plans to Acquire  BP Plc— Report

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Shell Plc is working with advisers to evaluate a potential acquisition of rival BP Plc, Bloomberg News has reported. The report said the international oil major is waiting for further stock and oil price declines before deciding whether to pursue…

OPEC+ To Increase Oil Production In June

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Eight OPEC+ member countries on Saturday announced that they will increase oil production for June. According to the statement obtained by Journalists, Saudi Arabia, Russia, and six other members of the oil-producing countries will implement a production adjustment of 411,000…