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 Texas oil producer Pioneer Natural Resources, attempted to collude with OPEC ...
The U.S. Federal Trade Commission (FTC) on Thursday barred former Pioneer Natural Resources CEO Scott Sheffield from joining ...
Oil steadied after the biggest weekly drop since February as Saudi Arabia hiked selling prices for grades to Asia for the ...
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 ...
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/MOSCOW (Reuters) - OPEC and its allies have yet to begin formal talks on extending 2.2 million barrels per day of ...
LONDON (Reuters) - The end of oil is not in sight, OPEC's top official said, as the pace of energy demand growth means that ...
Mexican export cuts and a rerouting of Canadian output are shrinking already limited supplies of heavy crude in the Atlantic ...
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 ...