A detailed view of a Shell service station sign showing the low price of $ 1.69 per gallon, the result of the coronavirus outbreak (COVID-19) on March 31, 2020 in Jacksonville, Fl. David Rosenblum | Icon Sportswire | fake pictures Oil giant Royal Dutch Shell said Tuesday it will reduce …
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A worker on a Chesapeake Energy natural gas platform in Fort Worth, Texas Matt Nager | Bloomberg | fake pictures Chesapeake Energy, the son of the American shale revolution, filed for bankruptcy on Sunday. The move comes as the company and industry in general have been rocked by a drop …
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An aerial view of a crude oil storage facility is seen on May 5, 2020 in Cushing, Oklahoma. JOHANNES EISELE | AFP via Getty Images Two leading oil price reporting agencies separately released new US crude benchmarks on Friday as part of an effort to rival the West Texas futures …
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A consortium of six global investors has signed a $ 20.7 billion deal with the Abu Dhabi National Petroleum Company (ADNOC), the state-owned oil company said Tuesday. As part of the agreement, the group will invest $ 10.1 billion to acquire a 49% stake in a newly formed subsidiary, ADNOC …
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