Tuesday, November 18, 2025
“Oil Five” sovereign wealth funds pass $4 trillion mark- oil and gas 360

“Oil Five” sovereign wealth funds pass $4 trillion mark

Oil Price The sovereign wealth funds of the Gulf Cooperation Council members topped $4 trillion last year, which was an all-time high. Called the “Oil Five”, the group of top sovereign wealth funds includes three entities from the United Arab Emirates, one from Saudi Arabia, and the Qatar Investment Authority. The five invested a total $75.6 billion last year, which

Pioneer Natural Resources Scott Sheffield officially retires, new CEO begins role- oil and gas 360

Pioneer Natural Resources Scott Sheffield officially retires, new CEO begins role

World Oil (WO) – Pioneer Natural Resources Company announced that Richard (“Rich”) P. Dealy has commenced his new role as Chief Executive Officer (CEO), and Scott D. Sheffield has transitioned to the non-executive role of Special Advisor to the CEO, both effective Jan. 1, 2024. Dealy succeeds Mr. Sheffield, who retired as CEO on Dec. 31, 2023. Sheffield and Dealy

OPEC+ to resume regular oil market monitoring meetings in February after fresh production cuts- oil and gas 360

OPEC+ to resume regular oil market monitoring meetings in February after fresh production cuts

World Oil (Bloomberg) – OPEC+ will resume its regular oil market monitoring meetings with an online session early next month, delegates said. The Joint Ministerial Monitoring Committee, which includes group leaders Saudi Arabia and Russia, will convene in the first week of February, said the delegates, who asked not to be identified because the information is private. One person said

Oil prices gain 3% on supply concerns after oilfield shutdown in Libya- oil and gas 360

Oil prices gain 3% on supply concerns after oilfield shutdown in Libya

Yahoo Finance NEW YORK (Reuters) -Oil prices climbed about 3% on Wednesday after a disruption at Libya’s top oilfield added to fears that tensions in the Middle East could reduce global oil supplies. Brent futures rose $2.44, or 3.2%, to $78.33 a barrel by 11:06 a.m. EST (1606 GMT), while U.S. West Texas Intermediate (WTI) crude rose $2.45, or 3.5%,