The U.S. Federal Trade Commission (FTC) on Thursday barred former Pioneer Natural Resources CEO Scott Sheffield from joining ...
Scott Sheffield, the founder and longtime CEO of Texas oil producer Pioneer Natural Resources, attempted to collude with OPEC ...
Sheffield, the FTC alleges, "campaigned to organize anticompetitive coordinated output reductions between and among U.S.
Of the 3.66 million bpd, 2 million bpd was agreed by OPEC+ in late 2022 and several members agreed voluntary cuts of 1.66 ...
Abu Dhabi faces less financial pressure to keep prices high and has been keen to deploy new investments in production ...
Investing.com-- Oil prices rose Thursday, recovering from near two-month lows, helped by talk of an extension of OPEC+ supply ...
The Bank of Canada is getting closer to being able to start cutting interest rates from their current 23-year highs, Governor ...
Opec-plus members may finally be ready to start discussing how to unwind their historic production cuts as the second half of ...
The end of oil is not in sight, OPEC's top official said, as the pace of energy demand growth means that alternatives cannot replace it at the needed scale, and the focus should be on cutting ...
The OPEC expects oil demand this year to grow by 2.2 million barrels a day and with the cuts in place, this rate of demand growth is certain to push the global market into a deficit. Estimates of ...
While oil prices remained relatively stable throughout Q1 2024, gas prices sank to multi decade lows, hitting US$1.55 per ...
Gold prices (XAUUSD:CUR) dropped more than 1% on Thursday, slipping below $2,300 an ounce, weighed down by a firmer U.S. dollar index.