Worst Oil Industry Slump Since Lehman May Herald Takeovers

The oil and gas industry’s worst slump since the financial crisis heralds a surge of takeovers for Goldman Sachs Group Inc. and Sanford C. Bernstein Co. as Asia buyers put $150 billion in cash to work.

BING NEWS:
  • Letters: Oil and gas industry
    As concerned residents and retired small business owners in Northern Colorado, we understand the vital importance of the oil and gas industry to our community. In Larimer and Weld counties, this ...
    06/8/2024 - 7:06 pm | View Link
  • Algorithm Trades Worsened The Oil Price Slump after OPEC's Decision
    The market reaction to OPEC's latest production policy announcement was excessively negative, partly due to many executed trades based on trend-following algorithms, analysts say.
    06/6/2024 - 6:01 am | View Link
  • Global markets mixed as oil prices slump on OPEC+ plans to unwind cuts
    Global markets finished mixed on Monday, as traders on Wall Street attempted to look beyond weaker than expected manufacturing data, and markets reacted to falling oil prices.
    06/3/2024 - 8:47 am | View Link
  • Oil prices slump as OPEC+ plans to start unwinding cuts
    Oil prices slid Monday as the OPEC+ group of major crude producers signalled they would start to unwind output cuts later this year, with softer than expected US manufacturing compounding ...
    06/3/2024 - 5:02 am | View Link
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