Oil prices posted their steepest weekly loss in three months, as the market, already concerned about weakening demand, coped ...
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 ...
Scott Sheffield, the founder and former CEO of Pioneer Natural Resources, faces serious allegations from the Federal Trade ...
LONDON, May 3 (Reuters) - Saudi Arabia and its allies in OPEC+ are likely to keep oil production unchanged for a further three months when ministers review output allocations on ... in the third ...
“Against this backdrop, speculation that OPEC+ nations might prolong their voluntary output cuts could help stabilize the barrel’s price, potentially establishing $84 per barrel as a support level,” ...
If OPEC+ (Organization of the Petroleum Exporting Countries and allies) officials had hoped to increase production into a tightening market characterised by rising oil prices they are likely to be ...