EOG is preparing for steel inflation, according to information from a Barclays conference. This development suggests the company is taking steps to address potential cost increases.
Further details about EOG's preparations and the potential impact of steel inflation are available from the Oil & Gas Journal.
Murphy is also weighing long-term portfolio options, as reported from the same conference. The Oil & Gas Journal provides more information on these developments and the companies' strategies.
The Federal Reserve appears increasingly likely to hike interest rates next week, as inflation remains stubbornly elevated amid the war with Iran. New data out Friday showed annual inflation remained unchanged in August, still well above the central bank’s target 2 percent rate. ...
