May 30, 2013 The boom in U.S. oil production has disrupted global oil’s pecking order and caused fractures inside the once all-powerful OPEC.
Dec 31, 2012 OPEC earned a record $1 trillion in revenues in 2012, and the average price of oil was the highest ever.
Oct 3, 2012 The OPEC oil embargo nearly 40 years was a shock to the U.S. and its economy. But the long-term effects proved a shock to Saudi Arabia and other OPEC members, who learned that oil and politics don't mix.
Dec 14, 2011 The Organization of Petroleum Exporting Countries has agreed on an output limit, and it looks like gas prices will remain high for the time being.
Dec 14, 2011 The Organization of Petroleum Exporting Countries agreed this morning to maintain global production at about 30 million barrels of oil per day.
Dec 14, 2011 Conflict in Washington continues over the possible extension of the payroll tax cuts, as experts disagree whether the measures help or hurt the broader economy. The SEC is pushing for a rule that would disclose the income gap between the average American worker and CEOs. It is about to get a bit more difficult to be a cab driver in Chicago. And what kind of football team will make its home in Los Angeles?
MID-DAY UPDATE: Gary Locke expected to be new U.S. Ambassador to China, Oil prices fall on OPEC discussions
Mar 8, 2011 Today President Obama is expected to nominate Commerce Secretary Gary Locke to be the new U.S. Ambassador to China. He'd be the first Chinese-Ame...
Sep 21, 2011 Get ready for some pain at the pump....
Oct 15, 2010 It's the first time in more than three-and-a-half decades that Iran will lead the oil cartel. What does it mean for the rest of the world, and for...