Stories Tagged as
OPEC
2012 was a gusher year for OPEC
Dec 31, 2012
OPEC earned a record $1 trillion in revenues in 2012, and the average price of oil was the highest ever.
Is the U.S. at risk of another OPEC oil embargo?
by
Scott Tong
Oct 2, 2012
The OPEC oil embargo nearly 40 years was a shock to the U.S. and its economy. But the long-term effects proved a shock to Saudi Arabia and other OPEC members, who learned that oil and politics don't mix.
Oil, gas prices should remain relatively steady
by
Josh Brown
Dec 14, 2011
The Organization of Petroleum Exporting Countries agreed this morning to maintain global production at about 30 million barrels of oil per day.
OPEC agrees on oil output limit
Dec 14, 2011
The Organization of Petroleum Exporting Countries has agreed on an output limit, and it looks like gas prices will remain high for the time being.
PODCAST: OPEC reaches a deal, iPads in the cockpit
by
Mary Dooe
Dec 14, 2011
Conflict in Washington continues over the possible extension of the payroll tax cuts, as experts disagree whether the measures help or hurt the broader economy. The SEC is pushing for a rule that would disclose the income gap between the average American worker and CEOs. It is about to get a bit more difficult to be a cab driver in Chicago. And what kind of football team will make its home in Los Angeles?
LAURENT FIEVET/AFP/Getty Images
MID-DAY UPDATE: Gary Locke expected to be new U.S. Ambassador to China, Oil prices fall on OPEC discussions
Mar 8, 2011
Today President Obama is expected to nominate Commerce Secretary Gary Locke to be the new U.S. Ambassador to China. He'd be the first Chinese-Ame...
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MID-DAY UPDATE: Iran leads OPEC
by
Bill Radke
Oct 15, 2010
It's the first time in more than three-and-a-half decades that Iran will lead the oil cartel. What does it mean for the rest of the world, and for...
MID-DAY UPDATE: Who is Austan Goolsbee? ...
by
Bill Radke
Sep 10, 2010
... He's Obama's new top economic adviser...
Does production cut make OPEC green?
Oct 24, 2008
When I heard the news this morning that OPEC will cut its production by 1.5 million barrels per day next month, I thought they made a good decision...