Tuesday, August 25, 2026
Oil slips below $62 as trade talks drag on- oil and gas 360

Oil steady, retraces losses on talk of Brexit deal, hints of OPEC supply restraint

Source: Reuters NEW YORK (Reuters) – Oil prices were narrowly mixed on Tuesday, retracing early losses on optimism about a potential Brexit deal and signals from OPEC that further supply curbs are possible, but prices remained under pressure from U.S.-China trade worries and concern about swelling U.S. crude inventories. Global benchmark Brent LCOc1 futures were up 2 cents to $59.37

Pachira Oil & Gas II closes on acquisition - oil and gas 360

Pachira Oil & Gas II closes on acquisition

Fulcrum Energy Capital Funds announces the closing of an acquisition by their newly formed portfolio company, Pachira Oil & Gas II. The acquisition consists primarily of operated oil and gas assets including over 60 wells and 9,000 net acres of leasehold, which was previously owned by O’BENCO IV, LP. The assets were purchased at an attractive valuation through a §363