International Energy Agency

The smart money has been predicting lately that gas prices would fall. Oil has been below $90 a barrel since early August and the International Energy Agency has cut its estimates for crude oil use for the year. But the price of a gallon of unleaded is the virtually the same as it was a year ago.

During most of June, Western Refining followed the rest of the market down, dipping as much as 16.5%. However, its shares have since perked up -- and they have much farther to rise. The refiner is in a prime position to take advantage of a wide spread between the price of crude oil and gasoline.

Even before the International Energy Agency and the White House announced they were releasing billions of gallons or oil from fuel reserves, gas prices were falling. In the past two weeks, a gallon is down more than 11 cents. Also falling -- hopes for the euro, and the outlook for U.S. Treasury bonds.

Worried about the sharp shock political unrest is giving to crude oil prices, international officials said oil-consuming nations have emergency reserves they can use to stabilize markets in case the violence in Libya and the wider Middle East escalates and crimps production.

Global oil demand growth is expected to increase a little this year but slip in 2011 as fuel stockpiles surge and concern persists that economic growth could falter, the International Energy Agency said on Friday.

Will the world soon run out of oil or are we swimming in the stuff? That debate just got a little murkier following a report in the Guardian newspaper that says figures detailing how much oil the world has on tap have been distorted in deference to the United States. The report quotes a current...

There are no upsides to the current recession. Unlike previous cyclical downturns triggered by inventory adjustments, this one is anything but typical, driven by the end of a massively leveraged bubble, falling housing prices, and toxic assets that have produced a global financial crisis. Hence,...

Investors should heed the advice of energy traders: tread carefully, if you're considering an oil stock or an oil-related play. Oil, which plunged another $3.03 to $34.03 per barrel Tuesday at mid-day amid concerns of a deepening recession in Western and Eastern Europe, is a market in search of a...