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...Federal Reserve chair Jay Powell has acknowledged it will likely take “longer than expected” for inflation to return to the US central bank’s 2 per cent goal and cut interest rates....
...striking a cautious tone on any quick changes to monetary policy....
...Just 10 companies will now control more than 6.4mn barrels of oil equivalent a day of the Permian’s 12.1mn boe/d of overall output, according to Wood Mackenzie, a consultancy....
...ExxonMobil announced a $60bn deal in October to buy Pioneer Natural Resources, the biggest participant in the Permian....
...The Midland-based company is acquiring a high-quality asset that will transform it into the third-largest producer in the Permian Basin of West Texas and New Mexico....
...Having begun his career as a professional songwriter, he has been a star since his debut album Jay came out in 2000....
...A combination of strong economic growth, low unemployment and falling inflation is historically rare, but Jay Powell’s Fed appears to be pulling it off, all while getting markets in line with officials’...
...“The new Permian is less volatile, meaning a steadier level of activity,” said Dan Pickering of Pickering Energy Partners....
...Donald Trump said he wanted to replace Jay Powell as chair of the Federal Reserve, accusing him of being “political” and predicting that he would cut interest rates to “help the Democrats” this year....
...Exxon said combined 2023 output in the Permian and Guyana — where it has a stake in the biggest oil discovery of the past decade — was up 18 per cent....
...The stock and cash transaction will combine two significant players in the Bakken Shale of North Dakota and Montana, after a string of deals in the more prolific Permian Basin....
...Jay Newman was a senior portfolio manager at Elliott Management; he’s the author of Undermoney, and his dog is named Rico....
...Jay Newman was a senior portfolio manager at Elliott Management. Jim Cornell is President of NuCore Energy, a nuclear-fuel advisory and investment group....
...The deal will give the company a substantial position in the Permian basin, which straddles Texas and New Mexico....
...Jay Newman was a senior portfolio manager at Elliott Management and is the author of Undermoney....
...Federal Reserve chair Jay Powell has warned against being “misled” by good data on prices, saying the mission to return inflation to the US central bank’s 2 per cent target has a “long way to go”....
...That marked six months of “good news” on inflation, Fed chair Jay Powell acknowledged. But the central bank wants even more data, and even more certainty....
...Diamondback Energy vowed to hold oil production flat this year, tempering its already modest growth plans and vowing to return more cash to shareholders as operators throttle back on drilling in the Permian...
...In the past decade Pioneer helped revive the moribund Permian Basin of Texas into a critical source of global energy supply....
...A Federal Reserve poll on financial stability has highlighted markets’ concerns over high interest rates, just days after central bank chair Jay Powell signalled borrowing costs would have to remain at a...
...It is buying CrownRock, a privately held shale driller in the Permian basin oil and gasfield for $12bn, including debt. Oxy is already one of biggest producers there....
...Jay Powell said the Federal Reserve’s job of bringing down inflation was “not yet done” and the US central bank needed “greater confidence” that price pressures were easing before cutting interest rates,...
...The only thing Jay Powell could have done to deliver a stronger impression of a festive giveaway to global markets this week would have been to conduct his press conference decked in an oversized red suit...
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