OPEC

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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

Is the U.S. at risk of another OPEC oil embargo?

Oct 2, 2012
The OPEC oil embargo nearly 40 years was a shock to the U.S. and its economy. But the long-term effects proved a shock to Saudi Arabia and other OPEC members, who learned that oil and politics don't mix.
Posted In: Saudi Arabia, OPEC, Oil, energy

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

PODCAST: OPEC reaches a deal, iPads in the cockpit

Dec 14, 2011
Conflict in Washington continues over the possible extension of the payroll tax cuts, as experts disagree whether the measures help or hurt the broader economy. The SEC is pushing for a rule that would disclose the income gap between the average American worker and CEOs. It is about to get a bit more difficult to be a cab driver in Chicago. And what kind of football team will make its home in Los Angeles?
Posted In: OPEC, euro

MID-DAY UPDATE: Gary Locke expected to be new U.S. Ambassador to China, Oil prices fall on OPEC discussions

Mar 8, 2011
Today President Obama is expected to nominate Commerce Secretary Gary Locke to be the new U.S. Ambassador to China. He'd be the first Chinese-Ame...
Posted In: Ambassador, Biden, China, Gary Locke, Libya, mid-day update, Oil, oil price, OPEC, President Obama, Russia, Saudi Arabia, tobacco

Oil: Snapshot of rising oil prices, reserves

Feb 22, 2011
Get ready for some pain at the pump....
Posted In: gas prices, Oil, oil industry, oil price, OPEC

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