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A drilling rig operates in the Permian Basin oil and natural gas production area in Lea County, New Mexico, U.S., February 10, 2019. In response, drilling rates have fallen with an average of just 501 rigs drilling for oil in October 2023 down from 623 in December 2022. U.S. GAS PRODUCTIONLike oil production, U.S. gas output has also continued to increase, a lagged response to high prices in 2022, but the subsequent slump in prices has been more severe and is causing a more pronounced slowdown in output growth. The combination of fewer drilling rigs, slower production growth, faster exports, and ultra-low prices stimulating consumption by power generators has largely eliminated surplus inventories carried over from 2022. Related columns:- U.S. oil producers reprieved by Saudi output cut (October 3, 2023)- U.S. oil and gas output still rising in response to high prices last year (June 1, 2023)John Kemp is a Reuters market analyst.

Persons: Nick Oxford, John Kemp, Emelia Sithole Organizations: REUTERS, U.S . Energy Information Administration, “ Petroleum, Twitter, Thomson, Reuters Locations: Lea County , New Mexico, U.S, Gulf, Mexico, Chartbook, Ukraine, Saudi Arabia, Russia, OPEC, Saudi

The most recent week saw sales of Brent (11 million barrels), NYMEX and ICE WTI (4 million) and U.S. diesel (4 million) only partially offset by purchases of U.S. gasoline (3 million) and European gas oil (1 million). Short positions in NYMEX WTI climbed to 41 million barrels on Oct. 24 up from a 16-month low of 19 million barrels on Oct. 3. U.S. NATURAL GASFund managers were still struggling to become outright bullish about the outlook for U.S. gas despite futures prices being very low in real terms. Hedge funds and other money managers sold the equivalent of 125 billion cubic feet (bcf) of gas futures and options over the seven days ending Oct. 24. From a statistical perspective, the very low inflation-adjusted base means there must be more potential for prices to rise rather than fall.

Persons: Brent, WTI, Cushing, NYMEX WTI, John Kemp, Kirsten Donovan Organizations: ICE Futures, U.S . Commodity Futures Trading Commission, ICE, U.S ., OPEC, Fund, Thomson, Reuters Locations: NYMEX, Brent

☆ Exxon Mobil third-quarter profit falls compared with last year's record numbers, but refineries are strong
▼ + stars: | 2023-10-27 | by ( ) www.cnbc.com time to read: +3 min

Fuel prices are displayed at an Exxon Mobil Corp. gas station in Arlington, Virginia, U.S., on Wednesday, April 29, 2020. Exxon Mobil 's third-quarter profit declined compared with last year when the oil giant was put up record numbers due to soaring crude prices, but net income was up 15% compared with the previous quarter. Exxon Mobil earned $9.07 billion, or $2.25 per share, in the period. The company posted unprecedented profits last year of $55.7 billion, breezing past its previous record of $45.22 billion in 2008 when oil prices hit record highs. While attacks on Israel do not disrupt global oil supply, according to an analysis by the U.S Energy Information Administration, "they raise the potential for oil supply disruptions and higher oil prices."

Persons: Exxon isn't, Darren Woods Organizations: Exxon Mobil Corp, Exxon Mobil, Exxon, Natural Resources, Chevron, Hess, Zacks Investment Research, Mobil, Hess Corp, drillers, U.S Energy Information Administration Locations: Arlington , Virginia, U.S, Texas, New Mexico, Ukraine, Saudi Arabia, Russia, Israel

☆ We moved from California to Texas and lived in an RV for 5 months before we bought a home. We love it now, but it's not for everyone.
▼ + stars: | 2023-10-27 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +6 min

Alyson and Josh McDonald moved their family from Eastvale, California, to Magnolia, Texas, last year. Then Josh went back to school and we ended up in California in 2011 because of the golf industry. Alyson and Josh McDonald said they feel more comfortable being openly conservative in Texas. There are definitely a lot of Californians here in Texas and even a lot of people from other states too. AdvertisementAdvertisementAlyson and Josh McDonald said their kids are thriving in Texas.

Persons: Alyson, Josh McDonald, —, Alyson McDonald, We're, We've, Josh, we're, Texas Josh, McDonald, COVID, Nobody, Alyson McDonald It's Organizations: McDonalds, Service, Albertsons Locations: Eastvale , California, Magnolia , Texas, Texas, Houston, Hudson, Idaho, Chandler , Arizona, California, Eastvale, Arizona , Wyoming , Kansas City , Texas , Utah, New York, Texas . Texas

☆ Analysis: Cash-rich Exxon, Chevron use stock for mega deals amid energy market jitters
▼ + stars: | 2023-10-24 | by ( David French | ) www.reuters.com time to read: +5 min

Since our shareholders are getting Chevron stock, we get to participate in the upside, and also get a higher dividend," he said. He added that Hess shareholders who keep their shares in their combined company will see their dividend rise from $1.75 to $6 per share following the close of the deal. Exxon and Chevron are keen on these deals because they want to avoid the risk of exploring unproven reserves as oil and gas become scarcer. Exxon and Chevron had $29.5 billion and $9.3 billion in cash, respectively, as of the end of June. Keeping dividends and share buybacks strong helps compensate existing Exxon and Chevron shareholders for the dilution incurred in the all-stock acquisitions.

Persons: Hess, John Hess, Andrew Dittmar, David French, Greg Roumeliotis, Marguerita Choy Organizations: Exxon Mobil, Chevron, Exxon, Natural Resources, PDC Energy, Noble Energy, Morningstar, Anadarko, Occidental Petroleum, Thomson Locations: Ukraine, U.S, Guyana, New York

☆ Cash-rich Exxon, Chevron use stock for mega deals amid energy market jitters
▼ + stars: | 2023-10-24 | by ( David French | ) www.reuters.com time to read: +5 min

☆ Chevron and Exxon Might Have Kicked Off an Oil Land Grab
▼ + stars: | 2023-10-23 | by ( Jinjoo Lee | ) www.wsj.com time to read: 1 min

The smell of mergers and acquisitions is in the air following more than $110 billion worth of oil megadeals this month— Chevron ’s agreement to buy Hess and Exxon Mobil’s deal for Permian giant Pioneer Natural Resources . Who’s next? Deal talks are already under way. Devon Energy , another top Permian producer, is said to be eyeing targets that include Marathon Oil and CrownRock , according to a report from Bloomberg. Gas producer Chesapeake Energy is reportedly considering an acquisition of Southwestern Energy , according to Reuters.

Persons: Who’s Organizations: Chevron, Hess, Exxon, Natural Resources, Devon Energy, Marathon, Bloomberg . Gas, Chesapeake Energy, Southwestern Energy, Reuters

☆ What we'll be watching when these 10 companies report next week
▼ + stars: | 2023-10-20 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a Morning Meeting livestream at 10:20 a.m. Next week, we run the earnings gauntlet with 10 companies in the Club's portfolio reporting. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Stanley Black, Decker, Jim Cramer's, Jim Organizations: CNBC, Nasdaq, Treasury, West Texas, Microsoft, Honeywell, Linde, LIN, Amazon Web, Ford, Jim Cramer's Charitable

AdvertisementAdvertisementThe information for the following product(s) has been collected independently by Business Insider: Hilton Honors American Express Surpass® Card, Hilton Honors American Express Aspire Card. Antonio Busiello/Getty ImagesAmex is raising the annual fees on the Hilton Honors American Express Surpass® Card and Hilton Honors American Express Aspire Card credit cardsand Hilton Honors American Express Aspire Card credit cards Both cards also receive increased benefits such as complimentary rental car elite status and annual statement creditsEnhanced benefits will offset the increased annual fee for some cardholders. We'll give you the bad news first: American Express is raising annual fees on the Hilton Honors American Express Surpass® Card and the Hilton Honors American Express Aspire Card. Hilton Honors American Express Surpass® Card Insider’s Rating Info icon Insider's Ratings are decided by our editorial team. The Hilton Honors American Express Surpass also comes with complimentary Hilton Gold elite status.

Persons: Hilton, Antonio Busiello, —, that's, Conrad Organizations: Business, Hilton, American, Hilton Honors, Amex Hilton Aspire, Hilton Honors American, Service, American Express, Hilton Aspire, U.S, Hilton Gold, Gold, Honors American, Hilton Honors American Express, Express, Waldorf, Emerald, Express Aspire, Aspire Locations: U.S, Hilton

AdvertisementAdvertisementThe information for the following product(s) has been collected independently by Business Insider: Hilton Honors American Express Surpass® Card, Hilton Honors American Express Aspire Card. Customers who hold the mid-tier Hilton Honors American Express Surpass® Card or the premium Hilton Honors American Express Aspire Card will soon receive enhanced benefits – as well as increased annual fees. What you should know about the Hilton Honors Amex CardThe Hilton Honors Amex is the hotel chain's base-level credit card. If you reach the $2,000 spending requirement making Hilton hotel purchases, you could end up with 114,000 Hilton Honors points, since eligible Hilton purchases earn 7 points per dollar. If you're a heavy Hilton loyalist, consider the mid-tier Hilton Honors American Express Surpass® Card or the premium Hilton Honors American Express Aspire Card.

Persons: Hilton, —, David Slotnick, Amex, You'll, you'll Organizations: Business, Hilton, American, Hilton Honors, Service, Honors, U.S, Hilton Gold Locations: Bangkok, U.S, Hampton, Colombia, Mexico's Baja California

Electronic boards showing stock information are pictured at the stock market, in Dubai, United Arab Emirates, November 5, 2020. "Such an escalation could lead to increased oil prices, concerns about oil supply, and the potential for a global economic downturn." In the unlikely event the United States sends troops into the Middle East, Belote expected a $20 jump in oil prices, "if not more". "Israel has better relations with other Arab countries compared to then," JP Morgan private bank strategist Madison Faller said in a note, "and global oil supply is not as concentrated." Reuters Graphics5/ TECH JITTERSWhat's good for oil stocks can be bad for big tech.

Persons: Abdel Hadi Ramahi, Hamza Meddeb, Malcolm H, Brent Belote, Belote, JP, Madison Faller, Nadia Martin Wiggen, Alessia Berardi, Amundi's Berardi, Trevor Greetham, Morgan Stanley, Jeff, London's Greetham, Naomi Rovnick, Nell Mackenzie, Marc Jones, Dhara Ranasinghe, Sharon Singleton Organizations: United Arab Emirates, REUTERS, Kerr Carnegie Middle East Center, Oil, JP Morgan, Svelland, Reuters Graphics Reuters, U.S, Reuters, Swiss, Royal, Aegon, Deutsche Bank, Aerospace, Thomson Locations: Dubai, United Arab, Israel, Gaza, Beirut, IRAN, Iran, U.S, United States, Arab, Turkey, Ukraine, Egypt, Jordan, Iraq, Saudi Arabia, Qatar, Bahrain, Suez, London

☆ Trip to Israel Ties Biden and US to Any Gaza Offensive
▼ + stars: | 2023-10-18 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +3 min

Biden is wagering that consoling, negotiating with and aiding Israel give him the most influence shaping their actions, he said. His plans to quickly push billions of dollars more in aid for Israel through Congress is likely to fuel debates on U.S. taxpayer funds. Biden said the U.S. would provide $100 million in new funding for humanitarian aid in Gaza and the occupied West Bank. Already, the White House acknowledges it needs to better explain Biden's Israel policy at home. Biden will give a prime time White House address on Thursday, to "discuss our response to Hamas’ terrorist attacks against Israel and Russia’s ongoing brutal war against Ukraine," the White House said on Wednesday.

Persons: Trevor Hunnicutt WASHINGTON, Joe Biden, Biden, Jon B, Alterman, Israel, Abdel Fattah al, Ezra Cohen, Cohen, Trevor Hunnicutt, Steve Holland, Jarrett Renshaw, Nidal al Mughrabi, Heather Timmons, Howard Goller Organizations: Israel's, Center for Strategic, International Studies, West Bank, The United, Ukraine, White, Air Force, Biden, Hudson Institute, Republicans, Reuters Locations: Tel Aviv, Gaza City, Gaza, Israel, U.S, The United States, Turkey, Saudi Arabia, Egypt, Qatar, Tehran, Moscow, Beijing, Iran, Philadelphia

☆ Trip to Israel ties Biden and US to any Gaza offensive
▼ + stars: | 2023-10-18 | by ( Trevor Hunnicutt | ) www.reuters.com time to read: +4 min

U.S. President Joe Biden pauses during a meeting with Israeli Prime Minister Benjamin Netanyahu to discuss the ongoing conflict between Israel and Hamas, in Tel Aviv, Israel, Wednesday, Oct. 18, 2023. Biden is wagering that consoling, negotiating with and aiding Israel give him the most influence shaping their actions, he said. Biden said the U.S. would provide $100 million in new funding for humanitarian aid in Gaza and the occupied West Bank. Already, the White House acknowledges it needs to better explain Biden's Israel policy at home. Reporting by Trevor Hunnicutt; Additional reporting by Steve Holland in Tel Aviv, Jarrett Renshaw in Philadelphia and Nidal al Mughrabi in Gaza.

Persons: Joe Biden, Benjamin Netanyahu, Miriam Alster, Biden, Jon B, Alterman, Israel, Abdel Fattah al, Ezra Cohen, Cohen, Trevor Hunnicutt, Steve Holland, Jarrett Renshaw, Nidal al Mughrabi, Heather Timmons, Howard Goller Organizations: Israeli, Hamas, REUTERS Acquire, Rights, Israel's, Center for Strategic, International Studies, West Bank, The United, Ukraine, White, Air Force, Biden, Hudson Institute, Republicans, Reuters, Thomson Locations: Israel, Tel Aviv, Gaza City, Gaza, U.S, The United States, Turkey, Saudi Arabia, Egypt, Qatar, Tehran, Moscow, Beijing, Iran, Philadelphia

☆ America's poorest workers are getting raises, but 80% of their spending is on increasingly pricey basic needs
▼ + stars: | 2023-10-17 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +6 min

This comes even as real wages are growing faster for lower-income Americans. AdvertisementAdvertisementThat comes even as real wages are growing faster for lower-income Americans than those with higher incomes. But even as lower-income Americans continue to see wage growth outpace inflation, it's not helping them as much as some believed it would. While most Americans who received salary raises did increase their discretionary spending, Americans are cautious about navigating the economy. AdvertisementAdvertisementGiven that lower-income Americans are on the whole hurting for cash, this data suggests Americans are bracing up for more economic pain in the coming months.

Persons: —, Morgan, J.P, It's, they'd, it's Organizations: Service, Bureau of Labor Statistics, Workers, Economic Policy Institute, Dallas Fed, of Labor Statistics Locations: Morgan

Pump jacks operate in front of a drilling rig in an oil field in Midland, Texas U.S. August 22, 2018. As a result, the combined position was reduced to 483 million barrels (30th percentile for all weeks since 2013) down from 680 million barrels (64th percentile) on Sept. 19. Chartbook: Oil and gas positionsThe most recent week saw massive sales across the board, including Brent (-65 million barrels) and NYMEX and ICE WTI (-40 million), U.S. gasoline (-15 million), European gas oil (-13 million) and U.S. diesel (-7 million). Most of the adjustment came from liquidation of former bullish long positions (-122 million barrels) rather than initiation of new bearish short ones (+18 million). Net positions in Brent (20th percentile), U.S. gasoline (25th percentile) and European gas oil (28th percentile) were all well below their long-term averages.

Persons: Nick Oxford, Brent, Cushing, John Kemp Organizations: Midland , Texas U.S, REUTERS, OPEC, Investors, ICE Futures, U.S . Commodity Futures Trading Commission, Funds, ICE, U.S . diesel, Thomson, Reuters Locations: Midland , Texas, U.S, NYMEX, Brent , U.S, Brent

☆ Global markets brace for fallout as Middle East tensions rise
▼ + stars: | 2023-10-15 | by ( Matt Tracy | ) www.reuters.com time to read: +3 min

Oil prices leapt nearly 6% on Friday, as investors priced in the possibility of a wider Middle East conflict. The first indicator of reaction to weekend developments will likely come when oil starts trading in Asia later on Sunday. Reuters Graphics"I have no clue whether markets will remain relatively well behaved," said Erik Nielsen, group chief economics advisor at UniCredit. The war between the Islamist group Hamas and Israel poses one of the most significant geopolitical risks to oil markets since Russia's invasion of Ukraine last year. Rising oil prices are unlikely to have a significant impact on U.S. gas prices or consumer spending, analysts noted.

Persons: Violeta Santos Moura, Ben Cahill, Erik Nielsen, Bernard Baumohl, Baumohl, it's, Nomura, George Moran, Matt Tracy, Dhara, Megan Davies, Muralikumar, Emelia Organizations: REUTERS, Rights, Hamas, Energy Security, Center for Strategic, International Studies, Reuters, U.S, Economic Outlook Group, European Central Bank, Chevron, Thomson Locations: Gaza, Kibbutz Beeri, Israel, Palestinian, Asia, UniCredit, Princeton , New Jersey, United States, Europe, Ukraine, Egypt, Washington, London

☆ Ripple effect seen on markets globally from Middle East conflict
▼ + stars: | 2023-10-15 | by ( Matt Tracy | ) www.reuters.com time to read: +3 min

Israeli tanks are seen in the aftermath of a mass infiltration by Hamas gunmen from the Gaza Strip, in Kibbutz Beeri in southern Israel, October 14, 2023. Israel was preparing on Saturday to launch a ground assault in the Hamas-controlled Gaza Strip, after telling Palestinians living in the territory to flee south. "If it looks like a broadening conflict, oil prices will rise further," said Michael Englund, chief economist at Action Economics LLC in Boulder, Colorado. "The bigger risk to the oil market is that this conflict draws in neighboring countries," said CSIS' Cahill. Rising oil prices are unlikely to have a significant impact on U.S. gas prices or consumer spending, analysts noted.

Persons: Violeta Santos Moura, Ben Cahill, Michael Englund, Bernard Baumohl, Baumohl, Cahill, " Englund, Matt Tracy, Megan Davies, Muralikumar Organizations: REUTERS, Rights, Israeli, Lebanese, Energy Security, Center for Strategic, International Studies, U.S, Economics, Economic Outlook Group, Chevron, Thomson Locations: Gaza, Kibbutz Beeri, Israel, safehavens, Boulder , Colorado, Princeton , New Jersey, U.S, Egypt

☆ The Oil Price Has a Safety Valve. Gas Doesn’t.
▼ + stars: | 2023-10-13 | by ( Carol Ryan | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/business/energy-oil/the-oil-price-has-a-safety-valve-gas-doesnt-5a2d4a5e

Persons: Dow Jones

☆ I downsized from my city apartment to a tiny house in the countryside to save money – but my cost of living increased instead
▼ + stars: | 2023-10-12 | by ( Brooke Morton | ) www.businessinsider.com time to read: +8 min

AdvertisementAdvertisementThis as-told-to essay is from an interview with Stacie DaPonte, 31, about living in a tiny house outside Toronto. That set me researching what it would take to downsize to a tiny house in the countryside. The benefits of living in a tiny house in the countryMy front yard is a river and I'm surrounded by ducks. AdvertisementAdvertisementI couldn't buy the tiny house all at once with cash, so I am paying off a line of credit. Tiny living is a reality I hope more people see and read about.

Persons: Stacie DaPonte, DaPonte, —, I've, It's, I'm Organizations: Service, Facebook, Gas Locations: Toronto, Ontario, Barrie

The two applicants selected are the Appalachian Regional Clean Hydrogen Hub, based in West Virginia, and the Philadelphia-area Mid-Atlantic Clean Hydrogen Hub, according to the person briefed on the plan who was not authorized to publicly discuss it before Biden's appearance and spoke on condition of anonymity. The Appalachian Regional Clean Hydrogen Hub, or ARCH2, is a partnership involving the state of West Virginia and EQT, the nation’s largest natural gas producer, among others. The Mid-Atlantic Clean Hydrogen Hub, or MACH2, is supported by supported by Delaware, Pennsylvania and New Jersey, as well as Philadelphia-area labor unions, university researchers and refineries. The Energy Department says the hubs will produce “clean” hydrogen, although its definition includes hydrogen produced with natural gas. Many experts consider hydrogen “clean” only if made through electrolysis.

Persons: Joe Biden, Biden, it’s, ”, Soni Grant, ” Grant, Matthew Daly, Marc Levy Organizations: Biden, Energy Department, Gas, Center for Biological Diversity, Associated Press Locations: HARRISBURG, Pa, Philadelphia, West Virginia, Delaware , Pennsylvania, New Jersey, New Mexico, Washington

The hubs are networks of hydrogen producers and consumers that will use local infrastructure to accelerate the deployment of clean hydrogen. The Mid-Atlantic Clean Hydrogen Hub that involves parts of Pennsylvania, Delaware and New Jersey will receive a $750 million grant, according to the sources familiar with the forthcoming announcement. The Appalachian Regional Clean Hydrogen Hub (ARCH2) that includes western Pennsylvania, Ohio and West Virginia will also receive one of the grants, according to two sources. The 2021 bipartisan infrastructure bill allocated up to $7 billion to launch the initiative, called the Regional Clean Hydrogen Hubs program, which will help fund six to 10 regional clean hydrogen hubs across the U.S. Each of the proposed regional hub projects involve dozens of partners from energy companies, academia and local and state governments.

Persons: Joe Biden's, Biden, Joe Manchin, Valerie Volcovici, Jarrett Renshaw, Nick Zieminski, David Gregorio Our Organizations: Reuters, Department of Energy, Pennsylvania, White House, Democratic, Energy Department, DOE, Dominion, Battelle, TC Energy, Thomson Locations: Pennsylvania, Appalachian, U.S, Delaware, New Jersey, Philadelphia, Ohio, West Virginia, California, Washington

☆ How Many Credit Cards Should I Have?
▼ + stars: | 2023-10-10 | by ( Gerri Detweiler | ) www.wsj.com time to read: +17 min

Use this guide to identify what kind of credit card user you are—and how many credit cards you should have. A secured credit card can be a smart option if you don’t have a very good credit score. Most small business credit cards require a good personal credit score and sufficient income from all sources, not just the business. However, many business credit cards don’t appear on consumer credit reports, which means they don’t impact your credit scores as long as you pay on time. Similar to choosing a personal credit card, pick your business credit cards based on your spending habits.

Persons: I’ve, you’ll, you’re, ”, Jeff Richardson, FICO, You’ll, You’re, airfare, — Organizations: VantageScore Solutions, Wells, U.S, Walmart, Amazon.com, Foods, Chase Travel, Amazon Prime, Visa, Amazon, Capital, Hertz, American Express, Card, Chase Locations: U.S, superstores

Fund managers sold a total of 57 million barrels over latest two weeks after having purchased 398 million barrels over the previous 12 weeks since the end of June. Hedge funds and other money managers sold the equivalent of 3 million barrels over the week ended Oct. 3. Fund managers have sold gasoline in each of the latest three weeks by a total of 22 million barrels since Sept. 12. As a result, the net position has been cut to 48 million barrels (42nd percentile) from 71 million (77th percentile). Funds held a net long position of just 9 billion cubic feet (32nd percentile since 2010) down from a recent high of 743 billion cubic feet (48th percentile) on July 11.

Persons: Cushing, Brent, John Kemp, Bernadette Baum Organizations: REUTERS, ICE, U.S, Henry Hub, U.S . Commodity Futures Trading Commission, Funds, Thomson, Reuters Locations: Cushing , Oklahoma, U.S, Israel, Chartbook, Brent, NYMEX, Louisiana, Pacific, United States

☆ Gas pipeline between Finland and Estonia shut over suspected leak
▼ + stars: | 2023-10-08 | by ( ) www.reuters.com time to read: +1 min

Companies Gas2grid Ltd FollowOSLO, Oct 8 (Reuters) - A subsea gas pipeline connecting Finland and Estonia was shut down early on Sunday following an unusual drop in pressure, Finnish gas system operator Gasgrid said in a statement. "Based on observations, it was suspected that the offshore pipeline between Finland and Estonia was leaking," Gasgrid said in a statement. "The valves in the offshore pipeline are now closed and the leak is thus stopped. Gasgrid Finland is currently investigating the matter in cooperation with Elering," it added. The state of the Finnish gas system was stable on Sunday morning and supply of gas in Finland was secured for the time being through the country's Inkoo floating LNG terminal, Gasgrid said.

Persons: Gasgrid, EET, Terje Solsvik, Toby Chopra Organizations: Gasgrid, Elering, Thomson Locations: OSLO, Finland, Estonia, Gasgrid, Estonian, Gasgrid Finland

Deal negotiations between Exxon and Pioneer are advanced but have not yet led to an agreement, Reuters reported on Thursday. These transactions were eventually allowed to be completed, and the regulator has not sued to thwart an oil and gas production deal since 2000. The lawyers and experts interviewed said the FTC would face an uphill struggle in challenging Exxon's attempted acquisition of Pioneer. "The modern U.S. experience is that oil and gas deals of any notable size get a close look. It sued to block the merger and only agreed to drop its objections after BP offered to divest oil production acreage in Alaska.

Persons: Joe Biden, Janet Yellen, Leah Millis, producer's, Lina Khan, Andre Barlow, Doyle, Barlow, Mazard PLLC, Sheldon Whitehouse, William Kovacic, George Washington, consultancies Wood MacKenzie, David Kass, Diane Bartz, David French, Mike Stone, Greg Roumeliotis, Marguerita Choy Organizations: Treasury, White, REUTERS, Exxon Mobil, Natural Resources, Exxon, Pioneer, Reuters, Federal Trade Commission, Democratic, George, Companies, Activision, FTC, Atlantic, BP, RBC Capital Markets, Chevron, PDC Energy, University of Maryland, Thomson Locations: Washington , U.S, U.S, Atlantic Richfield, Alaska, West Texas, New Mexico, Rystad, Denver, Julesburg, Washington ,, Atlanta

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