Market News Today — AI-Curated Stock & Crypto Headlines

Devon Energy and Coterra Energy have agreed to merge in a $58 billion deal, creating a shale giant with increased presence in key US oil regions.

Brava Energia's acquisition of Petronas' 50% share in Brazilian oil assets marks the country's first major M&A deal of 2026, positioning the company for increased production capacity and potential top five ranking.

Galp and Moeve have agreed to merge their downstream businesses, creating a large refining entity with 710,000 b/d capacity, reshaping the Iberian downstream market.

Cenovus is considering selling $2 billion worth of conventional oil and gas assets in Alberta to reduce its debt after a major merger with MEG Energy, but no deal is guaranteed.

A major Chinese shareholder, Aluminum Corporation of China (Chinalco), is likely to support Rio Tinto's potential takeover of Glencore, providing additional exposure to copper supply.

Coterra Energy is in talks with Devon Energy about a potential merger, which would create a new heavyweight in the Permian Basin, sending Coterra's shares higher.

BHP Group will wait out talks between Rio Tinto and Glencore, choosing not to pursue a counterbid as Glencore is not deemed complementary to BHP's operations.

A potential merger between Rio Tinto and Glencore could create the world's largest mining entity, with a combined value of £190 billion, amidst a growing demand for critical metals like copper.

Galp and Moeve are merging their downstream operations to create two major Iberian companies, RetailCo and IndustrialCo, with a combined network of 3,500 service stations.

Shares of Trump Media & Technology Group Corp.

BP's appointment of Meg O'Neill as CEO has sparked speculation about a potential megadeal with Shell, a move that could have significant implications for the oil industry.

Harbour Energy is acquiring Waldorf Energy Partners Ltd and Waldorf Production Ltd subsidiaries for $170 million, boosting its free cash flow and competitiveness in the UK North Sea oil and gas market.