It was announced that ONEOK would purchase Magellan for $18.8 billion. This deal can place Magellan in the top 5 biggest US pipeline operators. Read more about its effects in this article.
Natural Gas price caps announced by Australia’s government last Friday have producer firms concerned that future investment and exports could be negatively impacted.
Some market sectors, such as commodities, forex, and stocks, had a difficult month in October due to inflation, recession, and pessimistic Q3 earnings. However, while some sectors suffered others thrived. Read more about October’s market summary.
The potential railway strike continues to shake up the energy and commodities markets. If a last-ditch attempt to reach an agreement fails, the consequences could be dire.
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