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Exxon-Pioneer Merger: Big Trouble for OPEC Plus (Energy Intelligence, October 13, 2023)

"Exxon Mobil’s plan to acquire Pioneer Natural Resources could strip oil-exporting countries of significant market power. Whereas US independent oil producers — which The Economist once called the “mother-frackers” of shale — have helped to support oil prices for the last three years by refusing to boost production aggressively, Exxon is looking to increase US shale output significantly in the coming years."

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