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IEA predicts an oil glut affecting the shale industry, coinciding with Exxon's acquisition of Pioneer Natural Resources.

2 reports, 2 independent Updated Jun 14

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Reports: 2
Developments: 1
Repetition: 50%

New informationRepeats or wire copies

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What happened

Some supportReported by 2 outlets

IEA predicts an oil glut affecting the shale industry, coinciding with Exxon's acquisition of Pioneer Natural Resources.

Who's involved

What this event is mainly about

Mobil Pioneer Natural Resources International Energy Agency

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The entities involved

Mobil
former American oil company
- ExxonMobil and Mobil reported strong profits while diesel prices tracked by AAA are rising.Sat 14:22
- Trump targets various companies and trades energy stocks amid geopolitical tensions and war in Iran.Fri 09:38
Pioneer Natural Resources
texan oil company

Nothing else this week.
International Energy Agency
autonomous intergovernmental organisation
- The IEA warns of production below pre-war levels due to geopolitical risks, impacting global oil supply and market stability.14:37
- IEA forecasts a global increase in coal demand, noting that rising natural gas prices are boosting coal usage.Sat 08:14

Related events

IEA reported record crude oil while Macron discussed G7 energy issues and the US DOE offered additional crude.Sep 23

Coverage

Newest first; wire copies grouped

Jun 14zerohedge.com
Aug 19Oilprice.comTrump’s Energy Dominance Runs Into OPEC’s Price Trap The return of previously curtailed oil production by OPEC+ members is killing U.S. shale growth, with industry executives referring to it as a “pr