OPEC+ decisions are not above political influence. This was on display most prominently in 2022, when Saudi Arabia led OPEC+ ...
OPEC+ is likely to keep oil production unchanged in June due to stable inventories and prices, but may rescind some previous ...
Russia’s Deputy Prime Minister has said that Russia is ready to alter the OPEC+ agreement if necessary, adding that it will depend on how the market feels.
Pioneer Natural Resources CEO Scott Sheffield was banned from ExxonMobil’s board after a merger for conspiring to keep gas ...
Net income was 102.27 billion riyals ($27.27 billion), down from 119.54 billion riyals ($31.88 billion) for the same period ...
Second, saying the shale boom “saved American consumers” from high oil prices ignores the fact ... In November 2014, OPEC ...
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 ...
The oil industry experienced three upheavals between 1973 and 1991, which seem to be etched in the memory of the industry's ...
Sen. Bill Hagerty, R-Tenn., reacts to OPEC’s decision to cut oil production along with America’s growing crime crisis on ‘Mornings with Maria.’ Johnny Lauder recounts his half-mile swim to rescue his ...
So far, the Israel-Hamas conflict has had limited impact on the global economy. However, an escalation to a direct war between Israel and ...
The kingdom wants to restrain oil production to keep demand up, but the increase in prices to Asian customers is more related to refining values, says one expert.
However, an escalation to a direct war between Israel and Iran, could result in oil prices rising to $150 a barrel and global ...