The U.S. Federal Trade Commission (FTC) on Thursday barred former Pioneer Natural Resources CEO Scott Sheffield from joining ...
Mexican export cuts and a rerouting of Canadian output are shrinking already limited supplies of heavy crude in the Atlantic basin, driving up refiners' costs with a likely knock-on effect to ...
Opec-plus members may finally be ready to start discussing how to unwind their historic production cuts as the second half of ...
Crude oil futures traded higher on Friday morning as market reports indicated that OPEC+ (Organization of Petroleum Exporting Countries and allies) may continue with production output cuts beyond ...
While oil prices remained relatively stable throughout Q1 2024, gas prices sank to multi decade lows, hitting US$1.55 per ...
Abu Dhabi faces less financial pressure to keep prices high and has been keen to deploy new investments in production ...
A new cut of 2.2 million bpd for the first quarter took effect in January and was later extended to cover the second quarter. The OPEC report said OPEC oil production was steady in March ...
OPEC+ Sticks to Course as Focus Shifts to Overproducers - The Joint Ministerial Monitoring Committee of OPEC+ has confirmed the oil group’s ... on how they would cut output in Q2.
The Organization of the Petroleum Exporting Countries left its estimates for global oil-demand growth unchanged, but lowered its forecast for non-OPEC supply growth for this year and next.
LONDON (Reuters) - OPEC+ oil producers are making voluntary output cuts totalling about 2.2 million barrels per day (bpd) ...