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Stories Tagged as

Oil prices

Oil price slump has chilling effect on North Dakota

by Annie Baxter
Mar 18, 2016
With drilling rig counts down 80 percent, the Bakken's economy suffers.
North Dakota has experienced a huge drop in the number of active drilling rigs over the past several years.
Andrew Burton/Getty Images
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What's up with Saudi Arabia and its oil?

by Scott Tong
Feb 12, 2016
Why does Saudi Arabia keep pumping oil when it's driving prices down?
Oil pumping on the Saudi Arabian border.
Joe Raedle/Getty Images
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Is OPEC still doing its job?

by Scott Tong
Feb 9, 2016
What happens when neither the oil cartel nor anyone else manages supply?
President of the OPEC Conference Emmanuel Ibe Kachikwu at a news conference after a meeting of the Organization of the Petroleum Exporting Countries (OPEC), at OPEC headquarters in Vienna, Austria on December 4, 2015.
JOE KLAMAR/AFP/Getty Images
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Oil? Almonds? They have something in common

by Andy Uhler
Feb 2, 2016
Commodities are commodities, whether you drill a hole or plant a crop to produce.
Almond trees in the central valley of California. 
Justin Sullivan/Getty Images
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Those who heat homes with oil welcome price drop

by Marketplace Contributor
Jan 28, 2016
But lower home heating oil prices may also slow the conversion to other fuels
Home heating oil delivery driver Andy Kane fills the tank at a Connecticut home. 
Harriet Jones
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Russia's economy is hit by low oil prices

by Kai Ryssdal
Jan 26, 2016
Russia's economy fell 3.8 percent in 2015 and the country's in an economic crisis
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The imbalance in the oil market won't go away quickly

by Scott Tong
Jan 19, 2016
Consumers don't consume more oil because it's cheap. Suppliers have to cut supply.
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Right now Brent crude is cheaper than the barrel it comes in

by Tony Wagner
Jan 19, 2016
It's also cheaper than a keg of beer, an HDMI cable, a hoodie...
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The Resource Curse

For Venezuela, oil is a resource curse

by Scott Tong
Jan 11, 2016
Over-reliance on oil, and subsidies for the masses, leave Venezuela in a desperate economic crisis
Supporters of Venezuela's late President Hugo Chavez and current President Nicolas Maduro accompany United Socialist Party (PSUV) deputies, outside the Supreme Court of Justice in Caracas on January 7, 2016. Venezuela's political crisis deepened Thursday as the government vowed to stop the center-right opposition using its new legislative powers to try and oust President Nicolas Maduro. 
FEDERICO PARRA/AFP/Getty Images
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Final Note

What's cheaper: milk, oil or water?

by Kai Ryssdal
Dec 23, 2015
Take a guess...
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