OPEC to keep present output
VIENNA — OPEC tried on Sunday to nudge oil prices up by urging its members to stop overproducing, but the cartel decided not to cut current outp...
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Opec Meeting
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OPEC's "Noble Cause"
Raymond J. Learsy | Posted 04.01.2009 | Business
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OPEC announced today an additional production cut of more than 2 million barrels/day. And surprise, surprise: the price of oil fell by some three dollars a barrel. Sic Transit gloria!
Next Week's OPEC Meeting "Looney Tunes" and the Contango "High Step"
Raymond J. Learsy | Posted 01.12.2009 | Business
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The ever obliging oil industry commentators and talking heads are falling all over themselves complimenting the Saudis for their seriousness in abiding by its OPEC allocation.
Russia Initiates Overtures to Obama While Plotting Energy Extortion
Raymond J. Learsy | Posted 01.04.2009 | Business
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Russia's actions on OPEC have given the Obama administration an opportunity to show the American public and the world that the days of oil patch hegemony over Washington are at an end.
Oil Prices Dance Ahead Of September OPEC Meeting
AP | STEVENSON JACOBS | Posted 09.21.2008 | Business
NEW YORK — Oil prices shot up more than $5 a barrel Thursday, rising to the highest level in over two weeks as escalating tensions with Russia s...
Oil Jumps on Surprise Supply Drop
AP | JOHN WILEN | Posted 03.28.2008 | Business
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NEW YORK — Oil surged Wednesday, rising a remarkable $5 a barrel to a new record over $104 after the government reported a surprise drop in crud...
No Production Boost From OPEC
AP | WILLIAM J. KOLE | Posted 03.28.2008 | Business
VIENNA, Austria — OPEC on Wednesday accused the U.S. of economic "mismanagement" that it said is pushing oil prices to new record highs and rebu...
OPEC: We'll Hold Oil Production Steady
AP | George Jahn | Posted 03.28.2008 | Business
OPEC decided Wednesday to keep output ceilings steady for now, in a move that briefly propelled crude prices above $90 a barrel. Other delegates said...
OPEC's Dilemma: Raise Or Hold Oil Supply
New York Times | JAD MOUAWAD | Posted 03.28.2008 | Business
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After a year of dizzying gains for energy markets, a rapid fall in oil prices lately is posing a dilemma for OPEC, the oil-producing cartel. Should O...
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AP | GEORGE JAHN | Posted 04.15.2009 | Business