WTI oil has an American Petroleum Institute gravity of 39.6 degrees, considered “light.” WTI also has a sulfur content of just 0.24%, making it very “sweet.” WTI crude oil is typically the benchmark ...
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.
It was not Scott Sheffield’s job, as the former CEO of oil and gas company Pioneer Resources, to keep oil prices low. Neither ...
Pioneer Natural Resources CEO Scott Sheffield was banned from ExxonMobil’s board after a merger for conspiring to keep gas ...
OPEC+ decisions are not above political influence. This was on display most prominently in 2022, when Saudi Arabia led OPEC+ ...
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 ...
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.
OPEC+ is likely to keep oil production unchanged in June due to stable inventories and prices, but may rescind some previous ...
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.
Oil prices posted their steepest weekly loss in three months, as the market, already concerned about weakening demand, coped ...
Iraq and Kazakhstan were to submit their detailed compensation plans to the OPEC Secretariat by April 30, 2024 ...
Exxon Mobil's former CEO Scott Sheffield and Pioneer Natural Resources are hitting the FTC back in a recent statement, ...