On the day last week that ExxonMobil announced it had reached a deal to pay US$64.5 billion for Pioneer Natural Resources, there was a curiously apposite coincidence: the Energy Information Administration reported that US oil production had hit a new record high. US crude production in the first...
https://www.hellenicshippingnews.com/exxonmobil-deal-a-sign-of-strength-for-us-oil-production/