Organization of the Petroleum Exporting Countries News

Oil rose on Friday, stemming a 12 percent fall from last week's record high, on threats a developing Caribbean weather system could hit the energy-rich Gulf of Mexico.

Ethanol makers all over the world are asking the Organization of Petroleum Exporting Countries , "Who do you think you're kidding?" In a full page ad in the Financial Times, the biofuel industries of Brazil, ...

Robert Shiller says when it comes to commodity prices, images that portray the earth as small and vulnerable matter: Seeing is believing, by Robert Shiller, Project Syndicate : Could the television image we've ...

The folks over at OPEC, the Organization of Petroleum Exporting Countries, must think we're pretty stupid.

At 1930hrs LMT on Thursday, 17 July 2008 Light Sweet Crude was trading at $129.29 down $5.31 on the New York Mercantile Exchange.

Oil held above $134 a barrel on Thursday, after an initial fall that seemed like a continuation of its recent tumble on mounting evidence of fading demand in the United States and easing tensions between the ...

Oil producers and consumers have long sought to defend their own interests by setting up various bodies and discussion groups.

Crude oil prices fell the most in 17 years yesterday. Light, sweet crude plunged $6.44, or 4.4 percent, Tuesday to settle at $138.74 in an extremely volatile session.

Oil prices extended their decline Wednesday after diving more than $6 a barrel in the previous session on concerns that U.S. economic problems may reduce demand for crude.

A motorist drives by a gas station's price board Tuesday, July 15, 2008, in Emeryville, Calif.

The price of crude oil has dropped by as much as $10 a barrel today. But that isn`t necessarily a good thing.

Oil was steady on Wednesday, after falling more than $6 in the previous session, the steepest slide in dollar terms in 17 years as demand fears swelled on the worsening prospects of the U.S. economy.

The 13 members of the Organization of Petroleum Exporting Countries pumped an average 32.47 million barrels per day of crude oil in June, an increase of 230,000 b/d from the May level of 32.24 million b/d, ...

Oil prices plunged Tuesday as worries about the nation's economic health moved to the fore and OPEC warned that high pump prices are likely to erode global demand for crude.

Oil markets are expected to tighten again after easing in 2009/10 so producer countries should increase investments, the head of the International Energy Agency said on Tuesday.

Last week, the front pages of the world press blossomed with photos of four Iranian rockets, fired in salvo, heading skyward.

Ingrid Betancourt said Wednesday in an interview with NBC News that it was vital that the world's attention not turn away from hundreds of other hostages left in the Colombian jungles now that she is free.

Untapped Oil Reserves Could Fuel U.S. For 300 Years There's enough domestic oil to power the U. S. for three centuries without OPEC's help -- if the nation is able to overcome environmental concerns and can ...

The weekly average oil prices of the Organization of Petroleum Exporting Countries dropped 2.24 U.S. dollars to 136.07 dollars per barrel last week, said the Vienna-based cartel Monday.

Like it or not, the value of the dollar is now dictating the Federal Reserve's monetary policy, not the state of our domestic economy.