Saturday, January 25, 2025
Brookfield sweetens offer for Canada's Inter Pipeline to $6.85 billion- oil and gas 360- oil and gas 360

Brookfield sweetens offer for Canada’s Inter Pipeline to $6.85 billion

Reuters Brookfield Infrastructure Partners raised its hostile offer for Inter Pipeline Ltd for a second time to about C$8.58 billion ($6.85 billion) as it battles a rival bid from Pembina Pipeline Corp. Pembina has made an all-stock bid of about C$8.3 billion, while Brookfield had offered C$8.48 billion, with an all-cash option. Brookfield said on Thursday shareholders can now elect

Oil prices extend losses on expected supply increase- oil and gas 360

Oil prices extend losses on expected supply increase

Reuters LONDON -Oil prices fell on Thursday, extending losses as investors braced for increased supplies after a compromise deal between leading OPEC producers and as U.S. fuel stocks rose, raising concerns over demand in the world’s largest consumer. Brent crude dropped 66 cents, or 0.9%, to $74.10 a barrel by 1410 GMT and U.S. West Texas Intermediate (WTI) crude was