By Ben Geman - 09/18/13 09:36 AM EDT
The New York Times reports from Africa that oil-rich nations there are demanding better deals with Chinese companies that have aggressively sought to develop the continent’s resources.
“China wants Africa’s oil as much as ever. But instead of accepting the old terms, which many African officials call unconditional surrender, some cash-starved African states are pushing back, showing an assertiveness unthinkable until recently and suggesting that the days of unbridled influence by the African continent’s mega-investor may be waning,” the Times reports.
The Oklahoman reports
that Chesapeake Energy has axed its natural gas vehicle team as part of a broader corporate reorganization.