At the center of the scandal and the board ban is longtime Texas oil executive Scott Sheffield. While exploring Pioneer’s ...
WTI oil has an American Petroleum Institute gravity of 39.6 degrees, considered “light.” WTI also has a sulfur content of ...
Russia’s oil storage capacity is limited. When a refinery is destroyed or damaged, therefore, extracted crude oil cannot ...
Russia cut its crude oil production by less than pledged last month, exceeding a target agreed on in March with the ...
As the tensions in the Middle East continued to escalate in early April, driven by the war premium, crude oil prices soared to over $90 per barrel.
The FTC has accused Scott Sheffield of colluding with OPEC. But this entire industry was built on price fixing in one form or ...
NEW YORK, May 7 (Reuters) - World oil demand is expected to grow ... The agency hiked its production forecasts from regions ...
Pioneer Natural Resources CEO Scott Sheffield was banned from ExxonMobil’s board after a merger for conspiring to keep gas ...
OPEC+ decisions are not above political influence. This was on display most prominently in 2022, when Saudi Arabia led OPEC+ ...
Sen. Bill Hagerty, R-Tenn., reacts to OPEC’s decision to cut oil production along with America’s growing crime crisis on ‘Mornings with Maria.’ Johnny Lauder recounts his half-mile swim to rescue his ...
The kingdom wants to restrain oil production to keep demand up, but the increase in prices to Asian customers is more related to refining values, says one expert.
OPEC+ is likely to keep oil production unchanged in June due to stable inventories and prices, but may rescind some previous ...