OPEC Oil Price - Search News

Exxon, Pioneer and OPEC

CNN on MSN · 7d

American oil tycoon accused of trying to conspire with OPEC to inflate prices

Scott Sheffield, the founder and longtime CEO of a leading American oil producer, attempted to collude with OPEC and its allies to inflate prices, federal regulators alleged on Thursday.

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"

Texas Standard · 13h

Texas oil exec accused of colluding with OPEC, barred from ExxonMobil board

At the center of the scandal and the board ban is longtime Texas oil executive Scott Sheffield. While exploring Pioneer’s merger with ExxonMobil, the Federal Trade Commission uncovered what Fortune categorized as reams of messages between him and OPEC leaders, one saying, “If Texas leads the way, maybe we can get OPEC to cut production.”

OPEC, Goldman Sachs

Goldman Sachs sees OPEC+ unlikely to raise production at June meeting

Goldman Sachs on Wednesday said they no longer expect OPEC+ to announce a partial unwind of voluntary production cuts in June.

Wall Street Journal · 1d

OPEC+ Likely to Extend Output Cuts in June, Goldman Sachs Says

OPEC+ was likely to extend output cuts in June, said Goldman Sachs’ Commodities Research analysts who no longer expect the group to announce a partial unwind of voluntary production cuts in that month.

Crude Oil Prices · 19h

Goldman Sachs Does Not Expect OPEC to Alter Its Production Agreement

Goldman Sachs does not expect OPEC to alter its production agreement at its June meeting, altering its earlier stance that the cartel may partially unwind the cuts.

12hon MSN

OPEC switches to 'call on OPEC+' in global oil demand outlook, sources say

OPEC will stop publishing a calculation of the world's demand for its own crude in its monthly oil report, two sources close ...

The UBJ on MSN18h

Macquarie Predicts Oil Prices Likely to Dip Below $80 Rather Than Surge Above $90

As the economic landscape evolves, projections for Brent oil prices suggest a downward trajectory, with the potential for ...

New Republic on MSN2d

The Truth Behind the Latest Oil Price-Fixing Scandal

The FTC has accused Scott Sheffield of colluding with OPEC. But this entire industry was built on price fixing in one form or ...

Tough Baseline Talks Loom for Opec-Plus

With Opec-plus production cuts due to expire in December and new targets needed for 2025, the thorny issue of baselines is ...

9don MSN

OPEC oil output falls in April led by Iran, Iraq, survey finds

OPEC oil output has fallen in April, a Reuters survey found on Tuesday, reflecting lower exports from Iran, Iraq and Nigeria ...

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