Oil

If you’re wondering why airfares are relatively low at the moment, the answer is that there are a lot of inexpensive seats being offered by what’s called “ultra-low cost carriers.” Those fares from airlines like Frontier and Spirit are keeping the market competitive for bigger airlines, and passengers are benefiting. But with rising oil (and, […]

The gasoline you’re putting in your car now is different than the gasoline you bought a few months ago. The gas that’s fueling your summer vacation is the “summer blend,” which uses a different mix of ingredients and it’s more expensive to produce. Click the audio player above to hear the full story. 

OPEC meetings are underway in Vienna, and for now, indications are that oil-producing countries will agree to lift some of the production limits they set 18 months ago. We look into how any changes out of the OPEC summit could ripple through the global economy. Click the audio player above to hear the full story. 

Representatives from oil producing nations are in Vienna for the biannual OPEC summit. The organization’s most recent agreement capped production. But demand is soaring, so some significant changes could come out of this round of meetings. That’s because of varying goals among oil producing countries. Click the audio player above to hear the full story. 

Gas prices are on the rise just in time for summer travel. But will that give drivers second thoughts about hitting the road during the summer vacation season? Click the audio player above to hear the full story. 

Pope Francis has called the world’s leading oil execs to the Vatican. Meetings are today and tomorrow, and will include leaders from companies like BP and ExxonMobil. They’re gathering to talk about how their businesses can tackle climate change. Click the audio player above to hear the full story. 

Every time we pull into a gas station, we see the effect of rising global oil prices. Airlines are getting a bit of sticker shock, too, when they fill their planes with jet fuel. Crude oil is up close to 50 percent in the past year, which is likely to cut into profits and lead […]