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What prompted OPEC's production cut?

Sep 10, 2008
OPEC ministers surprised many oil experts who expected the cartel would keep production levels the same. Host Scott Jagow asks a reporter from the Financial Times why OPEC decided to cut them.
Posted In: Economy, Oil
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OPEC opts to cut production

Sep 10, 2008
The oil cartel meeting in Vienna ended with a surprise decision to lower output now that prices are falling. Not everyone sees the decision as a permanent one. Megan Williams has more.
Posted In: Economy, Oil
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Public transportation ridership picks up

Sep 9, 2008
A mass transit group says public transportation ridership was up 5% this spring over a year ago, due to $4-a-gallon gas. Meanwhile, a Senate committee is considering new transit funding. Nancy Marshall Genzer reports.
Posted In: Economy, Oil
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Subways and buses are packed

Sep 9, 2008
The high price of gasoline has inspired more and more drivers to take public transportation. So much so that a transit industry group says buses, trains and subways are reaching their limits. Janet Babin reports
Posted In: Oil, Travel
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OPEC members say oil price is too low

Sep 8, 2008
A couple members of OPEC -- which will be meeting in Vienna on Tuesday -- say they think there's too much oil on the market, pushing prices too low. Ashley Milne-Tyte reports.
Posted In: Oil
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Angolans vote for first time in 16 years

Sep 5, 2008
Today's election in Angola is significant worldwide because the African nation -- in peace after a decades-long war -- has major stores of oil, gems and metals. Gretchen Wilson reports.
Posted In: Oil
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OPEC in a bind over falling oil prices

Sep 5, 2008
When OPEC ministers meet next week, they will face a dilemma over oil prices -- should they decrease production to boost the price or stay the course? Brett Neely asks energy experts what to expect.
Posted In: Economy, Oil
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Have oil companies manipulated prices?

Sep 4, 2008
The Commodity Futures Trading Commission is looking into whether oil companies have been manipulating prices, according to a Wall Street Journal report. Ashley Milne-Tyte has more.
Posted In: Oil, Wall Street
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BP settles TNK dispute with Russians

Sep 4, 2008
British Petroleum and its billionaire Russian partners in Russian oil company TNK have settled a long-running dispute. The deal includes removal of CEO Robert Dudley as CEO. Brett Neely has more.
Posted In: Mergers and Acquisitions, Oil, Russia
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Economic health report due

Sep 3, 2008
The government today will release its monthly report on factory orders for non-durable goods -- things like clothing, food and gas. Nancy Marshall Genzer reports on what the numbers are expected to show.
Posted In: Economy, Food, Oil, Retail

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