India's power demand has climbed to an all-time high amid a blistering heatwave.
1. ConocoPhillips’ Takeover of Marathon Oil Creates 3rd Largest US Producer - ConocoPhillips agreed to purchase Marathon Oil in an all-stock transaction valued at $22.5 billion, a deal that would lift the US upstream firm’s production to 2.3 million boe/d, up by almost 400,000 boe/d. - The transaction will make ConocoPhillips the third largest US producer in the Lower 48, only behind ExxonMobil and Chevron/Hess, whilst surpassing TotalEnergies and BP.
meets again on June 2 in Vienna, with the oil markets expecting a rollover of existing production targets into the second half of 2024, members will once again scrutinize the oil group members’ compliance with their voluntary production targets. - The revamping of African production targets has been a key part of the previous
after a 16-year-long membership. - However, since then none of the
Power Energy Demand Numbers Data
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