Oil companies have a secret. Or rather, there's a crucial fact that they'd prefer you didn't know. Right now it's taken as gospel that America needs increasing amounts of oil, and that drilling here in the U.S. will help provide it.

VIENNA -- World demand for oil will grow this year and next despite signs that the tepid international economic recovery is running out steam, OPEC sa...

(AP) VIENNA — An OPEC report suggests that world demand for its oil is outstripping the present supply. The monthly demand forecast from the Orga...

Every major global recession over the last forty years has had oil's fingerprints all over it. So why should we expect our next rendezvous to yield any different results?

It will take huge amounts of energy, particularly oil, to achieve the growth rates that all the near-bankrupt governments around the world need to even service their debt, let alone repay it.

Those stubbornly high gas pump prices might seem like an unwelcome house guest who overstays his welcome, come January. Drivers in many states alread...

Oil traded near its highest in 26 months on speculation the U.S. may extend stimulus measures, bolstering demand in the world's largest consumer of cr...

With oil prices now already above $80 per barrel, you can expect to hear a lot more about the role of speculators. It's always easier to find a whipping boy than to recognize that depletion and more costly fuel in the future are the real problems.

Higher oil prices mean recessions, recessions mean less consumption, then lower oil prices, which leads to less exploration and supply, which leads to higher oil prices and recession again.

CAIRO, Egypt — OPEC held off on announcing new oil output cuts on Saturday, but its alarm over falling demand and a slumping economy potentially...

SINGAPORE — Oil prices fell to a 3-year low below $49 a barrel Friday in Asia as plunging stock markets, driven down by more bad U.S. economic n...

NEW YORK — Oil prices tumbled below $67 a barrel to 16-month lows Wednesday after the government reported big increases in U.S. fuel supplies _ ...

NEW YORK — The stunning collapse in oil markets accelerated Friday, sending a barrel of crude plunging below $78 as investors grow more pessimis...

NEW YORK — Oil prices jumped back above $120 a barrel Thursday, halting a steep three-day slide after Kurdish rebels claimed responsibility for ...

NEW YORK — Oil traders sent crude prices tumbling as low as $118 a barrel Tuesday on the growing belief that a U.S. economic slowdown and high e...

NEW YORK — Crude oil futures swung wildly on Monday, rising to a record and then tumbling as investors wrestled with whether they should put sto...

The economies of many big oil-exporting countries are growing so fast that their need for energy within their borders is crimping how much they can se...