Exxon-Pioneer deal signals oil demand strength: Analyst

) in an all-stock deal with a price tag of over $59 billion. Wells Fargo Senior Energy Analyst Roger Read joins Yahoo Finance Live to weigh in on what this acquisition could signal for the transition to renewable energy. Read expects a transition to renewables, but notes “it's going to be a lot longer... a lot tougher... a lot more expensive” as oil demand remains strong.CALGARY — Exxon Mobil Corp.'s acquisition of Pioneer Natural Resources in a US$59.

Federal Reserve Bank of Boston President Susan Collins said Wednesday while the odds of the economy escaping a recession have grown, it’s possible the central bank is not done with interest rate hikes aimed at bringing inflation back to its target. “I expect we’ll need to hold rates at restrictive levels for some time – until we see evidence that inflation is on a sustained path back to 2%,” Collins said in a speech text.

Wall Street is looking ahead to consumer inflation data on Thursday for more insight into the Fed's next move.I was all set for my trip, or so I thought. That's when my friend told me to always keep a bread clip when traveling. The reason is quite clever.This is a rare opportunity to earn $1,000 in annual passive income for decades with less than $12,300 investment in this super dividend stock.

Inflation could come roaring back 1970s-style. Here are 4 reasons why markets should be concerned, according to Deutsche Bank.Discover a world of exciting games, from heart-pumping action to brain-teasing puzzles. Get the latest versions of the top games in 2023.The top TSX utility stocks are excellent options for risk-averse and income-focused investors. The post Dividend Investors: Top TSX Utility Stocks to Buy as Oil Prices Rise appeared first on The Motley Fool Canada.

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Exxon-Pioneer deal suggests more energy sector consolidation: analyst - BNN BloombergThe global energy sector is likely to experience increased consolidation, driving oil prices downward in the long run, a commodity analyst said Wednesday.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Exxon Mobil buying buys Pioneer Natural in $59.5 billion deal with energy prices surgingExxon Mobil is buying Pioneer Natural Resources in an all-stock deal valued at $59.5 billion, its largest buyout since acquiring Mobil two decades ago...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Exxon Mobil buying buys Pioneer Natural in $59.5 billion deal with energy prices surgingExxon Mobil is buying Pioneer Natural Resources in an all-stock deal valued at $59.5 billion, its largest buyout since acquiring Mobil two decades ago, creating a colossal fracking operator in West Texas.
Source: SooToday - 🏆 8. / 85 Read more »

Exxon Mobil buys Pioneer Natural in $59.5 billion deal with energy prices surgingExxon Mobil Corp. is buying Pioneer Natural Resources in an all-stock deal valued at $59.5 billion, its largest buyout since acquiring Mobil two decades ago, creating a colossal fracking operator in West Texas.
Source: SooToday - 🏆 8. / 85 Read more »