Daily Morning Brief

Reuters investigation reveals Myanmar's military junta disguised Iranian jet fuel imports as diesel to evade US sanctions via tankers Reef and Noble. The scheme highlights continued energy flows impacting aviation and military operations despite geopolitical restrictions.

EQT Corp agreed to acquire Range Resources in an all-stock deal valued at over $50 billion, creating the largest vertically integrated natural gas producer in the United States. The combined entity will produce over 9 billion cubic feet of natural gas equivalent daily.

Ovintiv agreed to acquire Logan Energy for $890 million, adding 266,000 net acres and 20,000 barrels per day in the Montney region with projected $60 million annual cost synergies.

Petrobras CEO Magda Chambriard dismissed recent share price drops following Brazil's election results as speculative, citing strong fundamentals. She suggested the decline presents a buying opportunity despite short-term market volatility.

EQT Corp. agreed to acquire Range Resources Corp. in an all-stock deal valued at approximately $12.8 billion, forming the largest vertically integrated U.S. natural gas producer. The combined entity will produce over 9 billion cubic feet daily and expects $325 million in annual savings.