Wednesday, August 6, 2025

Williams attracts at least 7 bidders for Canadian unit

From Reuters: Williams Cos Inc’s Canadian unit has attracted at least seven bidders, including Enbridge Inc and Pembina Pipeline Corp, that could bring the U.S. pipeline company up to $2 billion, people familiar with the situation said. Tulsa, Oklahoma-based Williams, whose deal with Energy Transfer Equity fell through last month, is working with Barclays Plc and Toronto Dominion Bank on

China’s first-half crude output drops to lowest since 2010

From Reuters: China’s domestic crude oil production during the first six months of 2016 fell 4.6 percent from a year ago, official data showed on Friday, to the lowest level since 2010, as producers cut back output on lower oil prices. Lower output from China, the world’s fourth-largest crude oil producer, has helped ease a global supply glut that led