Scott Sheffield, the founder and longtime CEO of a leading American oil producer, attempted to collude with OPEC and its ...
Oil prices posted their steepest weekly loss in three months, as the market, already concerned about weakening demand, coped ...
The U.S. Federal Trade Commission (FTC) on Thursday barred former Pioneer Natural Resources CEO Scott Sheffield from joining ...
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 ...
OPEC and its economic allies in the OPEC+ bloc have been trying to cut global oil supplies in order to bid up prices lowered ...
Sheffield, the FTC alleges, "campaigned to organize anticompetitive coordinated output reductions between and among U.S.
A US regulator on Thursday alleged a former oil chief executive tried to collude with Opec members to raise American petrol ...
1. OPEC+ Sticks to Course as Focus Shifts to Overproducers - The Joint Ministerial Monitoring Committee of OPEC+ has confirmed the oil group’s current production targets, pushing back against ...
Crude oil futures traded higher on Friday morning as market reports indicated that OPEC+ (Organization of Petroleum Exporting Countries and allies) may continue with production output cuts beyond June ...
The Organization of the Petroleum Exporting Countries left its estimates for global oil-demand growth unchanged, but lowered its forecast for non-OPEC supply growth for this year and next.
While oil prices remained relatively stable throughout Q1 2024, gas prices sank to multi decade lows, hitting US$1.55 per ...
LONDON, April 11 (Reuters) - OPEC predicted robust fuel use in the summer months on Thursday and stuck to its forecast for relatively strong growth in global oil demand in 2024, highlighting an ...