Democrats Demand DOJ Probe Into Oil Industry Price-Fixing Allegations
Nearly two-dozen Democratic senators, led by Senate Majority Leader Chuck Schumer, say industry collusion led to higher fuel prices.
Source: theepochtimes.com
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Former Pioneer CEO fights FTC over ban from ExxonMobil's board
The FTC accused former Pioneer CEO Scott Sheffield of colluding with OPEC to restrict production and banned him from ExxonMobil's board.
Source: offshore-technology.com
FTC's Attack on Pioneer Sends Ripples Through Shale Industry
Bloomberg and the Financial Times are reporting that shale executives are getting spooked about future mergers in case they get caught in the crosshairs of the regulator
Source: oilprice.com
Exxon-Pioneer merger receives FTC nod | Northwest Arkansas Democrat-Gazette
The U.S. Federal Trade Commission on Thursday declined to challenge Exxon Mobil Corp.'s $60 billion purchase of Pioneer Natural Resources Co. but asserted that Scott Sheffield, Pioneer's co-founder, must not take a seat on Exxon's board.
Source: nwaonline.com
Pioneer Reports Q1 Profit Decline Ahead of Exxon Takeover
Pioneer Natural Resources saw profits decline in the first quarter of the year due to lower natural gas prices as the company prepares to merge with Exxon.
Source: oilprice.com