Oil

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Other nations promise help if Iran cuts off oil supply

Dec 28, 2011
Oil prices are down a bit this morning after a Saudi oil official said his country would pump more crude. That follows Iran's threat to block the Strait of Hormuz, where about one fifth of the world's oil passes through.
Posted In: Oil, Saudi Arabia, Iran

What the Strait of Hormuz means for world oil

Dec 28, 2011
Iran's navy chief said today his country could very easily close the world's most important oil transit channel. The threat to close it comes after the West imposed more sanctions on Iran over its nuclear program.
Posted In: Iran, Oil

Iran oil blockade unlikely to go through

Dec 28, 2011
Halting, or even dislocating, the flow of one-fifth of the world's oil supply could send the price of crude into the stratosphere. But the oil market doesn't appear to take the threat seriously.
Posted In: Oil, Saudi Arabia, oil prices

Iran reacts to U.S. threat of nuclear sanction

Dec 28, 2011
Iran has threatened to send military ships to block the Strait of Hormuz if President Obama signs a bill to impose sanctions to keep Iran from making nuclear weapons.
Posted In: Iran, Oil

PODCAST: Blocking the waterway, blocking the oil

Dec 28, 2011
San Francisco has raised to the minimum wage to over $10 an hour, and that will effect the cities famed restaurants. On the other side of the country, negotiations will start today in New York between building owners and the union representing the people that clean those buildings. As the 10 year birthday of the euro approaches, David Brancaccio looks back at how Marketplace's resident poet described the deal at the time.
Posted In: Oil

Why Iran is pushing back on sanctions

Dec 28, 2011
As the European Union prepares to increase sanctions on Iran over its nuclear program, the Islamic Republic has retaliated with a threat to close the Strait of Hormuz, a strategic waterway for oil exports.
Posted In: Iran, Oil

OPEC agrees on oil output limit

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.
Posted In: OPEC, Oil

Oil, gas prices should remain relatively steady

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.
Posted In: Oil, gas prices, OPEC

Oil companies bid for leases in Gulf of Mexico

Dec 14, 2011
BP was the high bidder in 11 of them.
Posted In: Oil

Hybrids win in Exxon Mobil's yearly energy outlook

Dec 8, 2011
Hybrid cars win, coal loses as the world's largest energy company looks to 2040.
Posted In: hybrid cars, Oil, ExxonMobil

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