Oil pumps in operation at an oilfield near central Los Angeles.

Crude oil is plunging ... again

Jul 27, 2015
The cost is at a 4-month low. What's going on?
Posted In: crude oil, OPEC, barrel of oil
Pump jacks and wells are seen in an oil field on the Monterey Shale formation near McKittrick, California.

How much is a 10-year forecast for cheap oil worth?

May 11, 2015
OPEC predicts oil prices will hang below $100 a barrel for as long as a decade.
Posted In: oil prices, OPEC, crude oil
Venezuelan Foreign Minister Rafael Ramirez speaks to journalists ahead of the166th ordinary meeting of the Organization of the Petroleum Exporting Countries, OPEC, at their headquarters in Vienna, Austria.

Will Venezuela default? Investors think so

Dec 23, 2014
Oil, whose price has halved in the past year, accounts for 95 percent of the country’s exports and 45 percent of the government’s budget.
Posted In: venezuela, Oil, oil prices, OPEC
A meeting of the Organization of the Petroleum Exporting Countries, OPEC, at its headquarters in Vienna.

Why won't OPEC cut production ?

Dec 22, 2014
Members of the oil cartel could get higher prices if they cut production but there would be a cost.
Posted In: OPEC, cheap oil, Saudi Arabia

OPEC is stuck between lots of oil and a hard place

Nov 27, 2014
With oil prices falling, the group will have to give up market share or profits.
Posted In: oil prices, OPEC

Market forces catch up to OPEC

Nov 26, 2014
Changes in global supply and demand have weakened OPEC's influence in the market.
Posted In: crude oil, OPEC, oil price

Saudi Arabia is losing its grip on oil

Oct 2, 2014
A global glut of oil has potential to pit key suppliers in a price war.
Posted In: Oil, OPEC, energy, Environment, fuel
Pump jacks

Oil from fracking may end U.S. ban on exporting oil

Jun 25, 2014
Ultralight oil made by fracking is seeping through cracks in the U.S. ban on oil exports.
Posted In: crude oil, OPEC

How America helped weaken OPEC

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.
Posted In: big oil, OPEC, crude oil, Oil, Nigeria

2012 was a gusher year for OPEC

Dec 31, 2012
OPEC earned a record $1 trillion in revenues in 2012, and the average price of oil was the highest ever.
Posted In: Oil, OPEC