OPEC to Meet Amid Signs of Waning Influence on Oil Prices
Major producers, including Saudi Arabia and Russia, are set to gather virtually on Sunday. They are expected to maintain production cuts amid signs of a softening market.
Posted inExxon Mobil Corp Federal Trade Commission Houston (Tex) Mergers, Acquisitions and Divestitures Oil (Petroleum) and Gasoline Organization of the Petroleum Exporting Countries Pioneer Natural Resources Company Prices (Fares, Fees and Rates) Sheffield, Scott
F.T.C. Clears Exxon Mobil’s Acquisition of Pioneer Natural Resources
The Federal Trade Commission will bar Pioneer’s chief executive, Scott Sheffield, from joining Exxon’s board, saying he colluded with OPEC to reduce oil production.
Posted inCommodities Economic Conditions and Trends Inflation (Economics) Oil (Petroleum) and Gasoline Organization of the Petroleum Exporting Countries
Why Oil Prices Have Been Rising Recently
The increase this year, prompted by geopolitical worries and supply constraints, has sent gasoline prices higher and could hamper efforts to tame inflation.
Posted inMiddle East Oil (Petroleum) and Gasoline Organization of the Petroleum Exporting Countries Prices (Fares, Fees and Rates) Production Saudi Aramco
OPEC to Extend Oil Production Cuts Through June
Saudi Arabia’s announcement appears to be aimed at bolstering oil prices as growth in demand remains modest.