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Oil Barrels

The Mystery Behind Rising Oil Prices Solved

Michael Pento | Posted 05.02.2012 | Business
Michael Pento

If the global economy was indeed recovering why is the demand for gas at the pump falling? In reality, the global economy is very weak and the U.S. is very far removed from a sustainable recovery.

Under Pressure, OPEC Hammers Out Deal to Raise Oil Supply

Posted 08.08.2011 | Business

VIENNA (Ramin Mostafavi and Alex Lawler) - OPEC producers on Wednesday hammered out a deal to raise oil supplies for the first time in four years...

Why Gasoline Costs Are Too Damn High

Daniel Dicker | Posted 05.25.2011 | Business
Daniel Dicker

The U.S. is being fooled to believe that the gas prices we see on TV and in newspapers aren't actually so bad. But they are. Relatively, they are much worse now than they were in the past.

Lurking Oil Shock Could Wreak Havoc

Dan Dorfman | Posted 05.25.2011 | Business
Dan Dorfman

The ballooning price of oil is rearing its ugly head as a potential new and dangerous economic threat.

The OCS - Our Nation's Piggy Bank

Tom Donohue | Posted 05.25.2011 | Business
Tom Donohue

Tomorrow night Bob Schieffer is sure to ask: "How does the economic crisis affect your plans for the future?" It will be the third debate we've heard the question, and it isn't getting any easier to answer.

Crude oil at new high just above $114; gas also at a record

AP | ADAM SCHRECK | Posted 05.25.2011 | Business

NEW YORK — Energy traders rewrote the record books again Tuesday, pushing oil futures past $114 a barrel as gasoline and diesel prices struck ne...

Iraq Oil Exceeds Pre-War Output

BBC News | Posted 05.25.2011 | Politics

Iraqi oil production is above the levels seen before the US-led invasion of the country in 2003, according to the International Energy Agency (IEA). ...

Oil Hits New High Above $93 A Barrel

AP | George Jahn | Posted 05.25.2011 | Business

Oil prices hit a new trading high above $93 a barrel Monday before falling back, propelled by news that Mexico's state oil company was suspending abou...

Oil Prices Top $90 A Barrel

AP | John Wilen | Posted 05.25.2011 | Business

Oil prices surpassed $90 a barrel for the first time Thursday as the falling dollar drew new foreign investors and speculators to dollar-denominated e...