Natural gas prices have been persistently sluggish lately, but it looks like deal-making is revving up: The latest offer comes from the CEO of Exco Resources, Douglas Miller, who has offered to buy the energy company for $20.50…
Bad weather that is reducing crops yields, increasing global demand and a greater push for bio-fuels are all playing havoc with corn prices, which affect costs throughout the economy.
Continue reading Shrinking…
General Electric said Wednesday it would buy Dresser Inc., an energy infrastructure provider, for $3 billion, the latest in a series of deals and contracts from the U.S. conglomerate.
Continue reading GE Buys D…
Sinopec Group (SHI), China’s second-largest oil and gas producer, will invest $7.1 billion in Repsol’s (REP) Brazilian unit.
Sinopec will buy new shares in the Spanish company’s Brazilian unit, giving the Chinese company a 40% stake, Bloomberg News s…
The stock is trading at $60 a share — about where it was during the March 2009 market low. Even as oil has rebounded to $74 from $40 at that time, ExxonMobil languishes. That could soon change.
Continue readin…