Oil prices posted their steepest weekly loss in three months, as the market, already concerned about weakening demand, coped ...
Shares of energy companies ticked down as traders anticipated an excess of global supplies. U.S.-traded oil futures fell 6.8% to $78.11 for the week.
Iraq and Kazakhstan were to submit their detailed compensation plans to the OPEC Secretariat by April 30, 2024 ...
OPEC convened a workshop today to address oil overproduction issues and devise comprehensive compensation plans to make up for previous overages, according to an official OPEC press release. The push ...
LONDON, May 3 (Reuters) - Saudi Arabia and its allies in OPEC+ are likely to keep oil production unchanged for a further three ... Arabia and its OPEC+ allies in the third quarter. Senior OPEC ...
If OPEC+ (Organization of the Petroleum Exporting Countries and allies) officials had hoped to increase production into a tightening market characterised by rising oil prices they are likely to be ...
Scott Sheffield, the founder and former CEO of Pioneer Natural Resources, faces serious allegations from the Federal Trade ...
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 ...
Exxon Mobil's former CEO Scott Sheffield and Pioneer Natural Resources are hitting the FTC back in a recent statement, ...
Sheffield, the FTC alleges, "campaigned to organize anticompetitive coordinated output reductions between and among U.S.
Scott Sheffield, the founder and longtime CEO of a leading American oil producer, attempted to collude with OPEC and its ...