Oil adds to week's sharp loss as rollover of OPEC output cuts may meet resistance
Oil prices posted their steepest weekly loss in three months, as the market, already concerned about weakening demand, coped ...
FTC says Texas oil exec sought to work with OPEC to boost prices
The stipulation to the takeover lays out the efforts by Pioneer's CEO to coordinate oil output with countries including Saudi ...
FTC accuses ex-Pioneer CEO of colluding with OPEC, blocks him from Exxon board seat
The Federal Trade Commission on Thursday accused the former Pioneer Natural Resources CEO of colluding with OPEC to raise ...
Asia's crude oil imports slip in April, trail OPEC forecasts
Asia's imports of crude oil slipped slightly in April from March, as increased arrivals in China failed to offset lower ...
Energy Drops on OPEC, Supply Concerns -- Energy Roundup
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.
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OPEC Resolves Compensation Plans for Overproducing Members
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 ...
US Greenlights Exxon-Pioneer Deal, Alleges Shale Founder Colluded With OPEC
Attendees at the CERAWeek energy conference dinner included shale executives John Hess, Vicki Hollub, Rick Muncrief, and ...
Angola exit from Opec raises import options
This move could offer an opportunity to diversify imports and reduce reliance on discounted Russian crude, but uncertainties ...
UAE’s Oil Giant Raises Capacity Numbers Ahead of OPEC Meeting
The United Arab Emirates’s main oil company said it had bolstered its production capacity, a month before the country meets ...
Oil boss accused of driving up petrol prices by colluding with rivals
A leading US energy executive has been barred from the board of ExxonMobil over allegations he colluded with Opec+ to raise ...