XOM Jan 2025 97.500 put
- CNN Business
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.
- Reuters
Pioneer reports lower profit ahead of its takeover by Exxon
Earlier in the day, the U.S. Federal Trade Commission gave the go-ahead to Exxon Mobil's $60 billion purchase of the company, but barred Pioneer's former CEO, Scott Sheffield, from joining Exxon's board on allegations he attempted to collude with OPEC to raise oil prices. Sheffield retired as Pioneer's CEO on Dec. 31, but continues to serve on its board and was due to take a seat on Exxon's board when the acquisition closed.
- Bloomberg
Oil Swings as Traders Weigh Inventory Gain, Potential Cease-Fire
(Bloomberg) -- Oil settled little changed after swinging in a narrow range throughout the session, with a buildup in US stockpiles and a potential cease-fire in the Middle East suppressing a rebound from yesterday’s sharp losses.Most Read from BloombergSaudi Arabia Steps Up Arrests Of Those Attacking Israel OnlineTurkey Confirms All Trade Halt With Israel Over War in GazaHuawei Secretly Backs US Research, Awarding Millions in PrizesBiden Calls Ally Japan ‘Xenophobic’ Along With China, RussiaIn J
