Latest OPEC News
Exxon Mobil deal with Pioneer gets FTC nod, but former Pioneer CEO Scott Sheffield barred from board
WASHINGTON (AP) — Exxon Mobil's $60 billion deal to buy Pioneer Natural Resources on Thursday received clearance from the Federal Trade Commission, but the former CEO of Pioneer was barred from joining the new company's board of directors. The FTC said Thursday that Scott...
Austrian minister aims to tighten espionage law to ban spying against international organizations
BERLIN (AP) — Austria's justice minister said Thursday that she plans to tighten the country's rules on espionage, which currently is explicitly banned if directed against Austria itself but not if it targets other countries or international organizations. Justice Minister Alma...
Saudi oil giant Aramco announces $121 billion profit last year, down from 2022 record
DUBAI, United Arab Emirates (AP) — Saudi oil giant Aramco on Sunday reported it made $121 billion in profit last year, down from its 2022 record due to lower energy prices. The results still marked the company's second highest ever result, Aramco said, as members of the OPEC+...
OPEC+ production cuts deepen with extensions from Saudi Arabia, Russia and other oil giants
NEW YORK (AP) — Some members of oil cartel OPEC, led by Saudi Arabia, and allied producers like Russia are again deepening their voluntary crude supply cuts. Announcements from several OPEC+ countries extend reductions of some 2.2 million barrels a day, the secretariat for the...
Families bid farewell to miners killed in Venezuela's worst mining accident in years
LA PARAGUA, Venezuela (AP) — Families and friends began burying loved ones on Thursday who were among at least 16 people killed in the collapse of an illegally operated gold mine in a remote area of central Venezuela. The tributes come as anger mounts at the government's slow...
