opec

OPEC: Oil Prices Are in a Sweet Spot

The Organization of the Petroleum Exporting Countries signaled it will not adjust its oil output targets, sending prices of crude futures above $82 per barrel on Wednesday, just a day after crude futures fell below $80 per barrel.

Saudi Arabia gives oil price thumbs up

OPEC might as well have just one member. Saudi Arabia is the largest crude producer in the cartel. If it does not go along with an increase or cut in...

OPEC to hold supply steady, again

OPEC has been fairly quiet recently. There have not been the usual comments from members that prices are too low for their economies to prosper. That...

Has BP's luck finally changed?

BP Plc, which reported a 53 percent drop in quarterly profit in July, announced much happier news Wednesday -- a gigantic oil discovery in the Gulf...

Will oil reach above $100 in 2011?

On Monday, Bernstein Research boldly predicted that oil prices would surpass $100 per barrel in two years as part of what the research outfit called...

OPEC minister predicts $75 oil

Will oil keep going higher? The oil minister of Saudi Arabia thinks so, even though OPEC does not appear ready to change its production targets in...

Are speculators pushing up oil again?

Is the price of oil being artificially boosted again by speculators and investors? Driven to dizzying heights near $150 in 2008 during the recent...

OPEC cuts its oil forecast again

Anyone counting on a rapid turnaround in the U.S. and global economies may be in for a rude reality. Or perhaps, a crude reality. OPEC cut its 2009...

Think tank expects oil demand to crash

There are two schools of thought on oil prices. The first is that the recession will not last long and that exploration by major oil companies has...

Russia pushing for higher crude prices

Russia is one of the largest oil producing nations in the world. The falling price of crude has clearly hurt its economy, but the country has seemed...

Are oil prices dangerously low?

As the immortal Larry King would say, "This, we don't need." One of the few benefits of the recession has been the drop in oil prices. Global oil...

Will oil keep rising?

Oil has been hovering above $50 for over a week. The argument that it won't go higher is simple: The recession will keep demand down. But the case...

Can OPEC stop the oil price slide?

No doubt this next discussion will cause readers to do a double-take over their morning cup of coffee. But comments and brickbats welcome. Here's the...