BEIJING (Reuters) - Two people were killed and four injured in an explosion at a chemical plant in northwest China's Ningxia region, state media outlet Xinhua reported on Thursday.
The accident occurred at the site of Ningxia Baofeng Energy, a Shanghai-listed group that produces chemicals from coal.
Baofeng Energy did not immediately respond to Reuters' request for comment.
(Reporting by Andrew Hayley; Editing by Alex Richardson)
Q1 2024 Diamondback Energy Inc Earnings Call
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HOUSTON (Reuters) -U.S. regulators gave the go-ahead on Thursday to Exxon Mobil's $60 billion purchase of Pioneer Natural Resources, but barred Pioneer's former CEO from Exxon's board on allegations he attempted to collude with OPEC to raise oil prices. Former Pioneer CEO Scott Sheffield coordinated efforts with U.S. shale oil producers to constrain their output and raise energy prices, the Federal Trade Commission said.
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NEW YORK (Reuters) -Oil prices settled on Thursday near their lowest level in seven-weeks, narrowly mixed and under pressure from weaker global demand, rising inventories and fading hopes for a quick cut in U.S. interest rates. U.S. West Texas Intermediate crude futures fell 5 cents to settle at $78.95 a barrel, the lowest since March 12. Both benchmarks closed below their 200-day moving average, which is the key technical indicator of a bear market shift in crude oil prices, StoneX oil analyst Alex Hodes said.
Earlier in the day, the U.S. Federal Trade Commission gave the go-ahead to Exxon Mobil's $60 billion purchase of the company, but barred Pioneer's former CEO, Scott Sheffield, from joining Exxon's board on allegations he attempted to collude with OPEC to raise oil prices. Sheffield retired as Pioneer's CEO on Dec. 31, but continues to serve on its board and was due to take a seat on Exxon's board when the acquisition closed.
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