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+ is likely to keep oil production unchanged in June due to stable inventories and prices, but may rescind some previous ...
OPEC+ decisions are not above political influence. This was on display most prominently in 2022, when Saudi Arabia led OPEC+ ...
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.
LONDON (Reuters) - The end of oil is not in sight, OPEC's top official said, as the pace of energy demand growth means that ...
Unlike with OPEC nations, US oil production is supposed to be decided ... maybe we can get OPEC to cut production. Maybe Saudi Arabia and Russia will follow. That was our plan.” ...
Abu Dhabi faces less financial pressure to keep prices high and has been keen to deploy new investments in production ...