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Source: CNBC

Oil rebounds on tight supply, prospects of new Russia sanctions

CNBC


Oil prices jumped by more than $4 on Wednesday on supply tightness and the growing prospect of new Western sanctions against Russia even as Moscow and Kyiv held peace talks.

Brent crude futures were up $4.09, or 3.7%, at …

Warburg Pincus Earmarks $300 Million for New Permian E&P

Warburg Pincus Earmarks $300 Million for New Permian E&P

Ridge Runner Resources, LLC is a new E&P focused on the Delaware Basin

The new company has received a line of equity financing of up to $300 million from funds affiliated with Warburg Pincus. The company will be led by …