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+ ...
OPEC+ is likely to keep oil production unchanged in June due to stable inventories and prices, but may rescind some previous ...
Pioneer Natural Resources CEO Scott Sheffield was banned from ExxonMobil’s board after a merger for conspiring to keep gas ...
It was not Scott Sheffield’s job, as the former CEO of oil and gas company Pioneer Resources, to keep oil prices low. Neither is it the job of any of his colleagues, who run companies that, like all ...
Sheffield, the FTC alleges, "campaigned to organize anticompetitive coordinated output reductions between and among U.S.
As part of their commitment to compensate for exceeding production quotas, certain OPEC+ members have submitted detailed ...
The OPEC+ group is currently cutting output by 5.86 million bpd ... 2 million bpd of cuts to be unwound after June, analysts ...
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.
The oil industry experienced three upheavals between 1973 and 1991, which seem to be etched in the memory of the industry's ...