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 ...
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 ...
Sheffield, the FTC alleges, "campaigned to organize anticompetitive coordinated output reductions between and among U.S.
Scott Sheffield, the founder and former CEO of Pioneer Natural Resources, faces serious allegations from the Federal Trade ...
Prolonged OPEC supply cuts and international sanctions on Venezuela, Iran and Russia had already led to shortages of heavier ...
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 June ...
Abu Dhabi faces less financial pressure to keep prices high and has been keen to deploy new investments in production ...
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 ...
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 ...