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.

The Organization of Petroleum Exporting Countries agreed this morning to maintain global production at about 30 million barrels of oil per day.

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…

Get ready for some pain at the pump….

It's the first time in more than three-and-a-half decades that Iran will lead the oil cartel. What does it mean for the rest of the world, and for…

… He's Obama's new top economic adviser…

When I heard the news this morning that OPEC will cut its production by 1.5 million barrels per day next month, I thought they made a good decision…