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Stories Tagged as

OPEC

How an oil shortage in the 1970s shaped today's economic policy

by Kai Ryssdal
May 31, 2016
Meg Jacobs details the effects of U.S. dependency on foreign oil in her new book.
An attendant at a Texaco petrol station on 1st Avenue and 37th Street, New York, during a fuel shortage in June 1979.  
Brian Alpert/Keystone/Hulton Archive/Getty Images
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The OPEC haves and have nots

by Scott Tong
Apr 19, 2016
Some oil-producing nations are in dire financial condition because of low oil prices
Qatar's Minister of Energy and Industry Mohammed Saleh al-Sada (R),Saudi Arabia's minister of Oil and Mineral Resources Ali al-Naimi (C), Venezuela's minister of petroleum and mining Eulogio Del Pino (L) attend a press conference on February 16, 2016 in the Qatari capital Doha.
OLYA MORVAN/AFP/Getty Images
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Oil producers talk, but the market is in control

by Scott Tong
Apr 15, 2016
OPEC members and other nations want to freeze oil production, but the supply of crude is already falling.
Saudi Arabia's minister of Oil and Mineral Resources Ali al-Naimi is surrounded by journalists at the OPEC headquarters in Vienna, on December 4, 2015.
JOE KLAMAR/AFP/Getty Images
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The Resource Curse

How oil-rich Venezuela ended up with a miserable economy

by Scott Tong
Apr 5, 2016
A history of the Latin American country's resource curse.
Street art depicting the oil fields of Venezuela. 
Jorge Galino/Marketplace
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More countries pledging to freeze oil production levels

by Ashley Milne-Tyte
Mar 2, 2016
Russia and several other oil-producing countries are near agreement to not increase production
Russian President Vladimir Putin chairs a meeting with heads of Russia's oil companies at the Kremlin in Moscow, on March 1, 2016. 
ALEXEI NIKOLSKY/AFP/Getty Images
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Oil producers agree to limit production — not really

by Sabri Ben-Achour
Feb 16, 2016
Saudi Arabia, Venezuela, Russia and Qatar proposal leaves few analysts impressed.
A flame from the Saudi Arabian Oil Company burns in the Saudi Arabian desert. 
MARWAN NAAMANI/AFP/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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OPEC will keep pumping it out

by Andy Uhler
Dec 4, 2015
With a global oil glut and prices slipping, oil producers are in trouble.
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Will oil producers' game of chicken end?

by Annie Baxter
Dec 4, 2015
The oil cartel OPEC may seek production limits to draw down the global oil glut.
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Crude oil is plunging ... again

by Kai Ryssdal and Scott Tong
Jul 27, 2015
The cost is at a 4-month low. What's going on?
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