Oil prices posted their steepest weekly loss in three months, as the market, already concerned about weakening demand, coped ...
Scott Sheffield, the founder and longtime CEO of a leading American oil producer, attempted to collude with OPEC and its ...
The U.S. Federal Trade Commission (FTC) on Thursday barred former Pioneer Natural Resources CEO Scott Sheffield from joining ...
OPEC+ decisions are not above political influence. This was on display most prominently in 2022, when Saudi Arabia led OPEC+ ...
Sheffield, the FTC alleges, "campaigned to organize anticompetitive coordinated output reductions between and among U.S.
In a report sent to Rigzone late last week, analysts at J.P. Morgan said they now expect the OPEC alliance will likely keep production targets unchanged when ministers meet on June 1.
OPEC convened a workshop today to address oil overproduction issues and devise comprehensive compensation plans to make up for previous overages, according to an official OPEC press release. The push ...
Oil prices settled lower on Friday, and posted their steepest weekly loss in three months as investors weighed weak U.S. jobs ...
There were high expectations on Friday that OPEC and its allies, known as OPEC+, would continue to cut production, leading to a rise in oil prices as investors expected that OPEC and its allies would ...
Energy ministers of the OPEC+ alliance are set to meet early June to review production allocations, while OPEC and its allies ...
Oil prices settled higher Monday, after swinging wildly on uncertainty about the outlook for the Gaza war as Israel ...
how is it possible that oil inventories are still at average levels? There are two reasons. First, a boom in U.S. production ...