OPEC

The Organization of Petroleum Exporting Countries agreed this week to cut production for the first time in eight years. That could mean oil prices will go up. But that depends on whether OPEC can convince a bunch of other non-cartel countries to agree to the cut. The cartel has invited 14 other countries to a […]

The agreement by OPEC members to cut oil production by 1.2 million barrels a day — that’s 1 percent of global production — sent crude prices climbing after it was announced. The global oil industry hopes things will continue to trend that way. The deal is meant to reduce the current oil glut and get […]

We might have to say goodbye to cheaper gas.

The group overseeing 40 percent of the world's oil production is not agreeing on a policy.

The goal of hobbling U.S. shale oil production may have worked, but may not explain higher prices.

Meg Jacobs details the effects of U.S. dependency on foreign oil in her new book.

Some oil-producing nations are in dire financial condition because of low oil prices

OPEC members and other nations want to freeze oil production, but the supply of crude is already falling.

A history of the Latin American country's resource curse.

Russia and several other oil-producing countries are near agreement to not increase production