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Unlike with OPEC nations, US oil production is supposed to be decided by the free market, not by coordination among the major players. Sheffield retired in December 2023 as CEO of Pioneer.
The FTC accused the 72-year-old executive of leading a coordinated effort with other U.S. oil firms and with OPEC "to keep production artificially low" and increase oil companies' profits.
Oil slides after OPEC+ detailed the unwinding of its production cut plan going into 2025. Wall Street had expected cuts to be extended through the end of the year. Oil falls 3% on OPEC production ...
McAfee Internet Security Suite – Special Edition from AOL is our most comprehensive security suite, including firewall protection and our maximum defense against viruses, spyware and other security threats. This service normally costs $80 annually, but you get it at no additional charge as part of your membership when you are on an eligible plan.
McAfee Corp. ( / ˈmækəfiː /; MA-kə-fee ), [4] [5] formerly known as McAfee Associates, Inc. from 1987 to 1997 and 2004 to 2014, Network Associates Inc. from 1997 to 2004, and Intel Security Group from 2014 to 2017, is an American global computer security software company headquartered in San Jose, California . The company was purchased by ...
October 17: OPEC oil ministers agree to use oil weapon in Arab–Israeli War, mandate cut in exports, and recommend embargo against unfriendly states. October 19: Saudi Arabia, Libya, and other Arab states proclaim an embargo on oil exports to the United States. October 23: Arab oil embargo extended to the Netherlands.
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