Shares of Occidental Petroleum Corp. shed 4.64% to $46.65 Friday, on what proved to be an all-around poor trading session for ...
Berkshire now owns 264 million Occidental shares worth about $12 billion, a 28% stake in the big U.S.-focused energy company.
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Except the strategic petroleum reserve doesn’t contain cash. The reserve can hold more than 700 million barrels of oil. Right ...
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Crude oil consumption and imports are projected to increase further due to increased demand for petroleum fuels and products.
However, Dangote Petroleum Refinery said the price reduction was based on developments in the global oil market, adding that it remains committed to transparency and fairness to all stakeholders.