Oil
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Slight rise in oil, but it could still fall
Dec 26, 2008
Oil rose moderately on the United Arab Emirates' announcement of a production cut. This could indicate OPEC still has influence over the market, but some analysts still see a downward trend. Stephen Beard reports.
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Sorry OPEC, oil's dropping
Dec 24, 2008
OPEC has vowed to make further cuts in production to help raise the price of oil. But Bob Moon reports the cartel can only really influence supply, and there's nothing they can do about crude's falling price.
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Annual reserves report could lower oil
Dec 22, 2008
Energy companies are annually required to report the size of their reserves by year's end to determine what is economically feasible. This process could make oil prices drop even further. Sam Eaton reports.
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OPEC makes record cut in production
Dec 17, 2008
Alarmed by the plummeting price of oil, OPEC ministers today announced a record cut in future output -- 2.2-million barrels per day beginning Jan. 1. Even so, prices on world markets hit four-year lows today. John Dimsdale explains why.
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OPEC plans production cuts
Dec 17, 2008
OPEC is meeting in Algeria today, and OPEC and non-OPEC countries alike said they'd try to cut production to try to boost oil prices. But John Dimsdale reports Americans might not notice much difference.
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Gas prices low while oil imports high
Dec 11, 2008
The U.S. trade gap widened in October because of a record rise in the amount of oil imports. What does that mean for gas prices? Sam Eaton reports.
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Obama & co: Make 2009 the Year of Energy Efficiency
Dec 9, 2008
To face the long-term problem of global warming we need to be rooted in short-term reality. And the reality of the year ahead is a global recessi...
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Oil price drop not a steadying factor
Dec 5, 2008
For months, companies have been suffering from the high price of oil -- airlines, carmakers, truckers, you name it. How are they doing now that crude is down 70%? Alisa Roth reports.
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OPEC disagreement a factor in oil drop
Dec 5, 2008
Lower retail sales and a big jump in jobless claims all add up to a slackening demand for oil. Another factor for the near record-breaking drop: trouble within the ranks of OPEC. Stephen Beard reports.
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Gas is cheap, but gas wars rage on
Dec 2, 2008
Gas may be at a three-and-a-half-year low, but that doesn't stop some stations from slashing pennies off the price in a heated rivalry. Cash Peters visits two gas stations in Pasadena, Calif.
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