The FTC has accused Scott Sheffield of colluding with OPEC. But this entire industry was built on price fixing in one form or ...
Last week, the Federal Trade Commission (FTC) shared documents that would seem to suggest that U.S. shale oil firms ...
NEW YORK, May 7 (Reuters) - World oil demand is expected to grow lesser this year than ... from regions outside the Organization of Petroleum Exporting Countries (OPEC), while also lowering its ...
Oil futures finish modestly lower Tuesday as Russia indicates OPEC+ could consider raising crude output and Israel rejects a Gaza cease-fire proposal.
The U.S. Energy Information Administration said Tuesday that its expects the Organization of Petroleum Exporting Countries and its allies to maintain at least some of their production cuts beyond the ...
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 effect to ...
WTI oil has an American Petroleum Institute gravity of 39.6 degrees, considered “light.” WTI also has a sulfur content of just 0.24%, making it very “sweet.” WTI crude oil is typically the benchmark ...
Russia’s Deputy Prime Minister has said that Russia is ready to alter the OPEC+ agreement if necessary, adding that it will ...
Saudi Arabia’s state-owned oil giant is preparing to pay out almost £100bn to fund crown prince Mohammed bin Salman’s series ...
Oil prices remain under pressure on Tuesday morning, even as Israel moved troops into Rafah and Saudi Arabia showed signs of extending the OPEC+ cuts.
Thus far, the Israel-Hamas conflict has had limited impact on the global economy. However, an escalation to a direct war between Israel and Iran, could res..