In 1960, frustrated by Western control over the world’s oil industry, five of the world’s top oil-producing nations created the Organization of the Petroleum Exporting Countries, or OPEC.

Scott Sheffield, the founder and longtime CEO of a leading American oil producer, attempted to collude with OPEC and its ...

The share of oil from the Organization of the Petroleum Exporting Countries (OPEC) imported by India declined from about 65% in 2022 to 50% last year, according to industry data, after New Delhi ...

However, rising prices likely won't change the Organization of Petroleum Exporting Countries' (OPEC) mind about production ...

The Federal Trade Commission will bar Pioneer’s chief executive, Scott Sheffield, from joining Exxon’s board, saying he ...

Effective Jan. 1, 2024, South America's largest country will join the Organization of Petroleum Exporting Countries (OPEC), Brazil's Minister of Mines and Energy Alexandre Silveira announced this ...

On Friday, oil rates experienced an uptick driven by market expectations surrounding the Organization of the Petroleum ...

Scott Sheffield, the founding CEO of Pioneer, will be prohibited from joining Exxon’s board of directors or serving in any ...

Despite the blue-chip's drawdown, the Dow logged a fifth-straight win and is now on its longest win streak since December. The S&P 500 pared healthier gains to finish just above breakeven, while the ...

SAUDI Arabia posted a budget deficit of 12.387 billion riyals (S$4.4 billion) in the first quarter of 2024, the finance ...

Russia's oil and gas industry has been crucial for bankrolling the invasion of Ukraine, giving the Kremlin the funds to keep ...

Almost five months after the Federal Trade Commission opened an antitrust investigation into Exxon Mobil Corp.’s proposed $59 ...