Thursday, June 18, 2026
Big Oil circles Permian riches as shale stocks collapse - Oil and Gas 360

Big Oil circles Permian riches as shale stocks collapse

From The Houston Chronicle A bloodbath in energy stocks is creating a rich opportunity for Big Oil to dominate America’s hottest shale play. Independent producers in the Permian Basin of Texas and New Mexico are trading much lower than when Chevron Corp. bid for Anadarko Petroleum Corp. in April. Royal Dutch Shell Plc and ConocoPhillips have expressed interest in bulking

Oil trader Vitol sees softer oil price in short term: CEO - Oil and Gas 360

Oil trader Vitol sees softer oil price in short term: CEO

From Reuters The chief executive of the world’s biggest oil trader, Vitol, told Reuters he expects a weaker oil price in the short term but does not see sustained levels below $50 a barrel. Global oil prices fell sharply last month on signs of a slowing world economy and the on-going trade war between the United States and China. “I