US senator Elizabeth Warren has called on regulators to closely scrutinise ‘this big oil merger’.
WASHINGTON: US senator Elizabeth Warren, a Democrat on the Senate Banking panel, said on Wednesday she was concerned that Exxon Mobil’s agreement to buy US rival Pioneer Natural Resources would raise costs and should be probed by regulators.
“Oil company profiteering hits American consumers right in the wallet — and I’m concerned that Exxon’s massive acquisition will reduce competition and drive up costs. Regulators should closely scrutinise this big oil merger,” Warren said. The deal, valued at US$59.5 billion, combines the largest US oil company with one of the most successful names to emerge from the shale revolution that turned the US into the world’s largest oil producer in little more than a decade.
Italia Ultime Notizie, Italia Notizie
Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.
Exxon-Pioneer tie-up could squeeze US shale oil suppliers, pipelinesHOUSTON: Top US oil producer ExxonMobil&039;s planned acquisition of the No. 1 Permian shale producer Pioneer Natural Resources could further restrain out...
Leggi di più »
Exxon in talks to pay over US$250 per share for PioneerA final agreement hasn’t been reached and the terms could change or talks could still end without a deal.
Leggi di più »
Haiti ex-senator pleads guilty in US to conspiracy over president’s murderMIAMI, Oct 11 — A Haitian former senator on Tuesday pleaded guilty in a US federal court to conspiring with others to assassinate the Caribbean country’s president Jovenel...
Leggi di più »
Overwatch 2 Players Raise Hell Over Moira's Pricey Lilith SkinOverwatch 2’s devilish Diablo IV collab skin costs as much as the original game did
Leggi di più »
Raise petrol prices to reduce fiscal deficit, says think tankThis enables the government to reduce its petrol subsidy bill, and dish out cash directly to lower-income groups.
Leggi di più »
DPM: Allowance raise for Islamic preachers possibleRumours of Wong's apparent romance with a Chinese actress surfaced recently after a netizen – who claimed to be 'close to someone in the entertainment industry' – said that the pair is secretly married.
Leggi di più »