Oil adds to week's sharp loss as rollover of OPEC output cuts may meet resistance Oil prices posted their steepest weekly loss in three months, as the market, already concerned about weakening demand, coped with mounting speculation that OPEC's June meeting could expose cracks in ... 05/3/2024 - 12:45 pm | View Link
OPEC Resolves Compensation Plans for Overproducing Members according to an official OPEC press release. The push for production cut compliance comes as the price of Brent crude is trading down roughly $6 per barrel over the last 30 days. The workshop brought ... 05/3/2024 - 3:30 am | View Link
American Oil Tycoon Barred from Exxon Board Amid FTC Collusion Allegations with OPEC Scott Sheffield, the founder and former CEO of Pioneer Natural Resources, faces serious allegations from the Federal Trade Commission (FTC) for purportedly attempting to collude with the ... 05/3/2024 - 2:17 am | View Link
American oil tycoon accused of trying to conspire with OPEC to inflate prices Scott Sheffield, the founder and longtime CEO of Texas oil producer Pioneer Natural Resources, attempted to collude with OPEC and its allies to inflate oil prices, federal regulators alleged Thursday. 05/2/2024 - 3:43 pm | View Link
US oil executive censure puts spotlight on shale-OPEC meetings A U.S. regulator's censure of a top U.S. oil executive over private meetings with the Organization of the Petroleum Exporting Countries (OPEC) group of oil producers has put a spotlight on dinners ... 05/2/2024 - 8:16 am | View Link
TEL AVIV, Israel — Israel ordered the local offices of Qatar’s Al Jazeera satellite news network to close Sunday, escalating a long-running feud between the broadcaster and Prime Minister Benjamin Netanyahu’s hard-line government as Doha-mediated cease-fire negotiations with Hamas hang in the balance.
The extraordinary order, which includes confiscating broadcast equipment, preventing the broadcast of the channel’s reports and blocking its websites, is believed to be the first time Israel has ever shuttered a foreign news outlet operating in the country.
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Al Jazeera went off Israel’s main cable and satellite providers in the hours after the order.
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