OIL – Page 11 – One America News Network

A view of a Marathon gas station in Baltimore, Maryland on May 29, 2024. US energy giant ConocoPhillips announced on May 29 that it will acquire competitor Marathon Oil in an all-stock transaction valued at $22.5 billion, including $5.4 billion in debt, a major expansion despite pressure to move away from fossil fuels. (Photo by Jim WATSON / AFP) (Photo by JIM WATSON/AFP via Getty Images)

ConocoPhillips Buys Marathon Oil For $17.1B As Energy Prices Rise

ConocoPhillips agreed to buy Marathon Oil for $17.1 billion on Wednesday in an all-stock transaction, which will increase the company’s assets as the broader oil and gas industry undergoes a major wave of unification.

Smoke rises from a derailed cargo train in East Palestine, Ohio, on February 4, 2023. - The train accident sparked a massive fire and evacuation orders, officials and reports said Saturday. No injuries or fatalities were reported after the 50-car train came off the tracks late February 3 near the Ohio-Pennsylvania state border. The train was shipping cargo from Madison, Illinois, to Conway, Pennsylvania, when it derailed in East Palestine, Ohio. (Photo by DUSTIN FRANZ / AFP) (Photo by DUSTIN FRANZ/AFP via Getty Images)

Biden Admin Settles With Norfolk Southern For $310M Over Ohio Train Derailment

The Justice Department (DOJ) and Environmental Protection Agency (EPA) announced a settlement that is estimated to be worth $310 million that was mutually agreed upon with railway company Norfolk Southern.

Biden Adminstration To Release 1 Million Barrels Of Gasoline From Reserves Ahead Of Summer Holiday Travel Season CHICAGO, ILLINOIS - MAY 21: A sign displays gas prices at a gas station on May 21, 2024 in Chicago, Illinois. President Joe Biden has said he will release 1 million barrels of gasoline from the strategic reserve to help reduce prices ahead of the July 4th holiday and summer driving season. (Photo by Scott Olson/Getty Images)

Biden To Sell 1 Million Barrels Of Reserve Gasoline

The Biden Administration has announced that it will sell 1 million barrels of gasoline that was being held in case of emergencies in an effort “to keep gas prices low” over the summer, a spokesperson claimed.