#occidental-petroleum
#occidental-petroleum
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from24/7 Wall St.
2 weeks agoOPEC+ Supply Surge: 3 Oil Stocks to Sell Before the Crash
OPEC+, the coalition of major oil producers plus Saudi Arabia and Russia , plans to increase crude output by 500,000 barrels per day (bpd) starting in November. This daily hike will continue for three months, injecting about 45 million additional barrels into the global market amid already weak demand caused by economic slowdowns in the U.S. and Asia. The move, aimed at balancing supply, risks creating an oversupply that could drive down prices.
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Business
fromFortune
2 weeks agoWarren Buffett's last big deal? Berkshire Hathaway to buy Occidental Petroleum's chemical division for $9.7 billion | Fortune
Berkshire Hathaway is acquiring Occidental Petroleum’s chemical division, OxyChem, for $9.7 billion as Buffett transitions CEO responsibilities to Greg Abel while remaining chairman.
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