FTC Alleges Pioneer CEO Colluded To Boost Oil Prices — Exxon Will Close $65B Acquisition Anyway

Sheffield, the FTC alleges, "campaigned to organize anticompetitive coordinated output reductions between and among U.S. crude oil producers" ... Read More

OPEC+ Keeps Output Policy Steady as Oil Nears $90 a Barrel

LONDON/MOSCOW/DUBAI (Reuters) -A meeting of top OPEC+ ministers kept oil supply policy unchanged and pressed some countries to increase compliance with output ... plans to the OPEC Secretariat ... Read More

IMF Sees OPEC+ Oil Output Lift From July in Saudi Economic Boost

The International Monetary Fund expects OPEC and its partners to start increasing oil output gradually from July, a transition that’s set to catapult Saudi Arabia back into the ranks of the ... Read More

OPEC Sticks to Oil Demand View, Cuts Non-OPEC Supply Growth Forecast

The Organization of the Petroleum Exporting Countries left its estimates for global oil-demand growth unchanged, but lowered its forecast for non-OPEC supply growth for this year and next. Read More

Opec+ ministers keep oil output policy steady

A MEETING of the top ministers of Opec+ has kept oil output policy unchanged and pressed some countries ... February and March 2024 will submit their detailed compensation plans to the Opec ... Read More

OPEC sees robust summer oil demand, economic upside potential

OPEC and its allies, known as OPEC+, last week agreed to keep oil output cuts in place until the end of June. "Despite some downside risks, the continuation of the momentum seen in the beginning ... Read More

OPEC Says Oil Needs Monitoring Amid Summer Demand

Oil will need to be closely watched in the coming months to ensure “a sound and sustainable market balance” during an expected surge in demand, OPEC said ... in its output cuts “will remain ... Read More

OPEC crude oil output barely changed in March

the news agency said. Last month, member countries of OPEC+, led by Saudi Arabia and Russia, agreed to continue their voluntary reductions to crude oil output through the second quarter of the year to ... Read More

OPEC Oil Production Inched Higher in March

OPEC’s crude oil production edged up by 3,000 barrels per day (bpd) in March compared to February as Iran and Saudi Arabia slightly boosted output while Iraq continued to produce more than it is ... Read More

OPEC+ ministers keep oil output policy steady, sources say

A meeting of the top ministers of OPEC+ has kept oil output policy unchanged ... February and March 2024 will submit their detailed compensation plans to the OPEC Secretariat by 30 April 2024," the ... Read More