There were high expectations on Friday that OPEC and its allies, known as OPEC+, would continue to cut production, leading to a rise in oil prices as investors expected that OPEC and its allies would ...
The OPEC+ group is currently cutting output by 5.86 million bpd ... Pioneer's former CEO from Exxon's board on allegations ...
The U.S. Federal Trade Commission (FTC) on Thursday barred former Pioneer Natural Resources CEO Scott Sheffield from joining ...
As part of their commitment to compensate for exceeding production quotas, certain OPEC+ members have submitted detailed ...
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.
While oil prices remained relatively stable throughout Q1 2024, gas prices sank to multi decade lows, hitting US$1.55 per ...
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 ...
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 ...
#OPEC’s Monthly Oil Market Report for April 2024 is now ... OPEC and its allies are voluntarily cutting their production by about 2 million barrels a day, a policy that will be reviewed at ...
Oil futures saw mixed trading Thursday, with U.S. and global benchmark prices struggling for direction but on track to post ...