Bottom Line: Oil magnate accused of OPEC collusion brings on top lobbying shop
Oil and Gas Brownstein Hyatt Farber Schreck Registered Lobby on the issue Related to the Federal Trade Commission Scott SheffieldFormer CEO of Pioneer Natural Resources. Regulators last month accused Sheffield of conspiring with the Organization of the Petroleum Exporting Countries (OPEC) to jack up prices, but the company said its actions “reflect a fundamental misunderstanding […]
OPEC+ to Extend Oil Production Cuts Through End of 2025 in Attempt to Keep Prices High
OPEC+, a coalition of OPEC member countries and allied oil producers, said on Sunday it would extend existing overall oil production limits until 2025 to keep oil prices from falling below desired levels. The cartel said some countries would extend production cuts according to different schedules, while one member, the United Arab Emirates (UAE), would […]
How OPEC and Saudi Arabia could shape Biden’s political fate
OPEC and its allies could play a major role in the outcome of the U.S. presidential election this November, as observers watch closely for signs that the world’s two largest oil exporting nations, Saudi Arabia and Russia, will raise prices by cutting production. Keeping in place voluntary cuts of 2.2 million barrels per day on […]