Will Production Cuts Boost OPEC Profits?
Oct 24th, 2008 · The oil cartel OPEC has decided to slash production by 1.5 million barrels a day in an effort to boost sinking oil prices. Will the move work?
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OPEC Cuts Production To Stem Drop In Oil Prices
Oct 24th, 2008 · Oil ministers at an emergency OPEC meeting Friday in Vienna decided to cut output by 1.5 million barrels a day beginning next month. It's an attempt to stem plunging prices for crude.
Motorists Adapt Driving Habits To Gas Prices
Oct 21st, 2008 · Gas prices are averaging $2.92 a gallon across the country. But OPEC meets this week to decide whether they'll cut production — a move that would increase prices at the pump. We examine how some motorists are changing their driving habits according to the rise and fall of gas prices.
OPEC To Decide Whether To Cut Production
Oct 21st, 2008 · Renee Montagne has business news.
Oil Prices Rise Again
Oct 17th, 2008 · Oil rose above $70 a barrel on Friday, recovering from a 16-month low earlier this week. OPEC is worried about the fluctuations in the oil market, so the organization called an emergency meeting for next week.
OPEC To Cut Oil Output
Sep 10th, 2008 · The Organization of Petroleum Exporting Countries decided Wednesday to cut overall output by more than 500,000 barrels a day. The move is seen as a compromise meant to avoid new turmoil in the markets.
World Petroleum Congress Tackles High Cost of Oil
Jun 30th, 2008 · The annual World Petroleum Congress is under way in Madrid, Spain. And while the Saudis and other OPEC oil ministers are among those registered for the conference, they are not expected to offer any solutions for soaring prices, now more than $141 a barrel.
Soaring Oil Prices Put Focus on Speculators
Jun 23rd, 2008 · There have been a lot of explanations offered for the doubling of crude oil prices over the last year: a weak dollar, strong demand overseas, greedy oil companies, a stubborn OPEC. The latest culprit singled out on Capitol Hill and the campaign trail is oil speculators.
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