Latest OPEC News
US gas prices are falling. Experts point to mild demand at the pump ahead of summer travel
NEW YORK (AP) — Gas prices are once again on the decline across the U.S., bringing some relief to drivers now paying a little less to fill up their tanks. The national average for gas prices on Monday stood around $3.44, according to AAA. That's down about 9 cents from a week ago...
Oil producers led by Saudis extended supply cuts amid slack prices
FRANKFURT, Germany (AP) — Saudi Arabia and allied oil producing countries on Sunday extended output cuts through next year, a move aimed at supporting slack prices that haven't risen even amid turmoil in the Middle East and the start of the summer travel season. The OPEC+...
Schumer, Democrats urge Justice Department to prosecute alleged oil industry collusion, price-fixing
WASHINGTON (AP) — Senate Majority Leader Chuck Schumer and 22 other Democratic senators are calling on the Department of Justice to “use every tool” at its disposal to prevent and prosecute alleged collusion and price-fixing in the oil industry. In a letter Thursday to...
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...
