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.

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.

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.

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?
The euro is weaker compared to the dollar, and that could mean more American tourists in Europe.
LAURENT FIEVET/AFP/Getty Images

MID-DAY UPDATE: Iran leads OPEC

Oct 15, 2010
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...

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Does production cut make OPEC green?

Oct 24, 2008
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...

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