Sunday, February 2, 2025
Oil drops as U.S. data shows unexpected rise in crude stocks-oil and gas 360

Oil drops as U.S. data shows unexpected rise in crude stocks

Reuters HOUSTON – Oil prices dropped about 1% on Wednesday following a surprise build in U.S. crude inventories, and as investors waited to see if a fresh round of tariffs by Washington on Chinese goods would come into force on Sunday. Brent futures LCOc1 fell 80 cents to $63.54 per barrel by 10:29 a.m. CDT (1629 GMT). West Texas Intermediate

Talos Energy goes on $640M buying spree in Gulf of Mexico- oil and gas 360

Talos Energy goes on $640M buying spree in Gulf of Mexico

Houston Chronicle The Houston offshore oil and gas producer Talos Energy announced the results of a $640 million buying spree, picking up a slew of assets in the Gulf of Mexico from multiple companies backed by Riverstone Holdings and other private equity firms. Talos, which focuses on both the U.S. and Mexican sides of the Gulf, would acquire substantially all