June 9, 2025

Prairie Operating Co. Reaffirms $1 Billion Reserve Based Lending Facility with Citibank, N.A. Adds Bank of America, N.A. and West Texas National Bank to Syndicate

June 9, 2025

(Oil & Gas 360) – HOUSTON, TX, June 09, 2025 (GLOBE NEWSWIRE) — Prairie Operating Co. (Nasdaq: PROP) (the “Company” or “Prairie”), an independent energy company engaged in the development and acquisition of oil and natural gas resources in the Denver-Julesburg (DJ) Basin, today announced the reaffirmation of its multi-year Reserve-Based Lending (“RBL”) credit facility with Citibank, N.A., its lead arranger.

BofA: Oil prices could jump on coming short covering

June 9, 2025

(Oil Price) – Trend-following commodity trading advisors (CTAs) could soon begin covering their significant short positions in oil, driving prices higher, according to Bank of America analysts cited by Investing.com. The sudden buying demand in the crude futures market has the potential to lead to a short-term rally in oil prices if CTAs rush to short covering. Last week, oil prices lodged another

Argentina set for M&A boom under Milei, with energy in focus, PwC says

June 9, 2025

(BOE Report) – Argentina’s mergers and acquisitions market could grow significantly in the coming years if President Javier Milei’s economic reforms continue, Juan Tripier, director of M&A and corporate finance at PricewaterhouseCoopers (PwC) Argentina, told Reuters. Investors have shown renewed interest in Argentina following Milei’s measures, which include sharp reductions in inflation and public spending, a restored fiscal surplus, and

Bank analysts predict Saudis will wage ‘long but shallow’ oil price war

June 9, 2025

(World Oil) – OPEC+’s oil-output hikes are part of a Saudi strategy that will see the kingdom embark on a long but shallow price war designed to recapture market share, Bank of America Corp.’s head of commodities research said. The producer group, of which Saudi Arabia is the de-facto leader, announced a third output increase of more than 400,000 bpd last

Baker Hughes sells PSI product line to Crane Company for $1.15 billion

June 9, 2025

(World Oil) – Baker Hughes has reached an agreement to sell its Precision Sensors & Instrumentation (PSI) product line to Crane Company, a diversified manufacturer of engineered industrial products, for a total cash consideration of approximately $1.15 billion. PSI, part of Baker Hughes’ Industrial & Energy Technology (IET) segment, includes the Druck, Panametrics and Reuter-Stokes brands. These brands manufacture instrumentation and

Oil prices steady ahead of US-China trade talks

June 9, 2025

(Investing) – LONDON -Oil prices were stable on Monday as investors awaited U.S.-China trade talks in London in the hope that a deal could boost the global economic outlook and subsequently fuel demand. Brent crude futures gained 11 cents, or 0.2%, to $66.58 a barrel by 1312 GMT while U.S. West Texas Intermediate crude rose by 6 cents, or 0.1%, to $64.64.

Prairie Operating Co. Reaffirms $1 Billion Reserve Based Lending Facility with Citibank, N.A. Adds Bank of America, N.A. and West Texas National Bank to Syndicate

BofA: Oil prices could jump on coming short covering

Argentina set for M&A boom under Milei, with energy in focus, PwC says

Bank analysts predict Saudis will wage ‘long but shallow’ oil price war

Baker Hughes sells PSI product line to Crane Company for $1.15 billion

Oil prices steady ahead of US-China trade talks

Premium Content