Oil

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OPEC cuts production as prices tumble

Oct 24, 2008
OPEC ministers meeting in Vienna announced a 1.5-million barrel cut in oil production to try to drive up prices on the international market. Washington Bureau Chief John Dimsdale reports.
Posted In: Economy, Oil, Wall Street

Cheap oil bad for renewable energy

Oct 24, 2008
The days of gas below $3 a gallon are fast returning, but this doesn't necessarily bode well across the board. Sarah Gardner reports falling oil and gas prices undercut the incentive for renewable energy projects.
Posted In: Oil

Russia, OPEC explore oil solutions

Oct 23, 2008
Russia met with OPEC to discuss ways of leveling out the cost of oil, as oil is now so low it could make production and investment unprofitable. Megan Williams reports it's unlikely Russia would agree to cut production.
Posted In: Oil, Russia

Letters: Poverty, food fraud and oil

Oct 21, 2008
From the Marketplace mailbox, Kai Ryssdal pulls out some of the letters sent in by listeners. In the selection: comments on calculating the poverty line, food fraud, the financial crisis and the dropping price of oil.
Posted In: Agriculture, Economy, Food, Health, Oil

Don't get too used to lower gas prices

Oct 17, 2008
The recent drop in oil prices might have us smiling at the pump now, but those lower prices could head back up. OPEC is expected to cut production during an emergency meeting next week. Nancy Marshall Genzer has more.
Posted In: Economy, Oil

Oil prices after an OPEC production cut

Oct 17, 2008
What effect would an OPEC production cut have on oil prices in this shakey world economy? Bill Radke talks to Carola Hoyos, who covers the oil market for The Financial Times.
Posted In: Oil

Southwest's hedge on fuel backfires

Oct 16, 2008
At first, it looked like Southwest Airlines hedged its bets well when it prepaid for fuel because prices were going up. Unfortunately, now oil prices are falling. Janet Babin has more on Southwest and airlines in general.
Posted In: Airlines, Oil

Why are oil prices dropping?

Oct 16, 2008
The price of oil this morning is $72 a barrel -- half of what it was three months ago. Ashley Milne-Tyte looks into some factors influencing oil markets, including the disappearance of some speculators.
Posted In: Oil

Tech advances fuel solar industry

Oct 15, 2008
The credit crisis is taking its toll on businesses, but there's optimism in the solar energy sector. Sarah Gardner reports that new technolgies and cheaper materials have improved solar's market potential.
Posted In: Economy, Oil, Science

Can cheap commodities be a bad thing?

Oct 15, 2008
With oil prices slipping below $75, prices for corn, gold and other commodities are also down. That's good news for consumers, but what about the overall economy? Will it spark inflation? Nancy Marshall Genzer has answers.
Posted In: Economy, Oil

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