Topic: OPEC

Top galleries, list articles, quizzes

Five energy challenges for Venezuela

With the passing of Hugo Chávez, the issue of what Venezuela chooses to do with its oil moves to center stage for the energy industry – and for environmentalists. Here are five energy challenges that Venezuela will have to face.
Beyond the 'fiscal cliff': 6 reasons to be optimistic about America's future

As Americans take stock of 2012 and gear up for 2013, it's tempting to adopt "decline think" about the country, especially since there is still no deal to avoid the "fiscal cliff" of steep budget cuts and tax increases. But here are six reasons Americans should still be optimistic about their future.
World's cheapest gas: Top 10 countries

While Americans and Europeans bemoan the cost of gasoline at the pumps, people in some other parts of the world enjoy filling up their tanks cheaply thanks to subsidies provided by wealthy, oil-rich governments. Here are the 10 cheapest countries on Earth to fill a gas tank.
What's Ahmadinejad getting out of his Latin America tour?

Iranian President Mahmoud Ahmadinejad’s Latin America trip, a whirlwind four-nation tour that began in Venezuela on Jan. 8, is now taking him to the inauguration of Nicaraguan President Daniel Ortega. The trip is his fifth visit to the region since 2007 and has prompted alarm in some corners of the United States that Iran is using the region as a staging ground to attack US interests.However, many who study Iran’s relationship with Latin America, in particular Venezuela, say fear of an Iranian threat in the Americas is overblown, at least at this point. Here are four reasons why:
World's cheapest gas: Top 10 countries

All Content

In offshore drilling freeze, rumblings of a new era for oil industry

The six-month moratorium on new deepwater offshore drilling announced by President Obama Thursday isn't likely to have a big impact on the oil industry – unless it's a sign of things to come.
BP oil spill update: Smooth sailing for 'top kill,' MMS director ousted

Even after the leaking well is permanently sealed, the Deepwater Horizon drama won't be anywhere near over. Just in Thursday's BP oil spill update, the MMS director is out, the spill is resized, and hearings proliferate on Capitol Hill.
The Monitor's View: Sen. Kerry makes his case for an energy bill

The Senate energy bill to cap carbon emissions is flawed and in trouble, but Kerry makes some important points about the bill he coauthored with Sen. Joe Lieberman.
Africa mining: Will mineral-rich countries start a cartel like OPEC?

As countries such as China grow increasingly dependent on minerals such as copper and cobalt, Africa mining firms are wondering how far the continent's leaders will go to extract better terms. Some are now talking about a cartel like OPEC.
How high will gas prices go?

Vacationers should see gas prices rise this summer – but nothing like the price spike of 2008.
Oil prices surge past $86 per barrel. How high can the costs go?

On Monday, oil prices reached a new high for the year – a sign of growing confidence that economic activity is recovering. But high prices could put a squeeze on the economy.
Saudi Arabia and India address terrorism in a rare meeting

During the first visit to Saudi Arabia by an Indian premier in nearly three decades, Manmohan Singh discussed terrorism, peace with Pakistan, and trade.
Thomas Friedman thinks China is 'smarter' than the US. Is he right?
Virgin's Richard Branson takes on peak oil

A report out of Britain funded by Virgin Airlines owner Richard Branson and other British business leaders warns that peak oil is looming in 2015. The controversial idea that growing oil demand will soon outstrip more finds is capturing the attention of governments.
Iran defiant in face of new US gasoline sanctions

As tighter sanctions on Iran's gasoline purchases move through the US Congress, Iranian officials say they have plenty of alternative suppliers, such as China and Venezuela. But some analysts say that prices will rise for Iranian consumers.
Mortgage rates hit record low. Should you refinance?

Mortgage rates reach record lows. Should you refinance?
What's behind rising oil prices?

A weak US dollar has sent investors to oil, pushing up crude prices over the past few months. That means higher gasoline prices this Thanksgiving.
Why aren't we harnessing waste heat?
Money Daily Brief: US crackdown on tax havens causes scramble
Chávez touts new gas cartel, walks red carpet with Oliver Stone

One day after being feted in Venice, the Venezuelan leader visits Belarus today to discuss trade deals, including a new gas cartel similar to OPEC.
Opinion: A carbon protection racket

The Waxman-Markey bill's 'international offsets' amount to paying polluting countries not to pollute.
Dow's upward streak ends. Now what?

From July 13 through Tuesday, the Dow Jones Industrial Average rose every day. History suggests we might see another streak soon.
A gallon of gas on track to stay below $3 this spring

With crude oil stocks high and gasoline demand low, US drivers may get a reprieve from the customary spring spike in gasoline prices this year.
World
World
Opinion: Raise the price of gas to $4 – before the next oil crunch

A price floor would help wean America off oil.
International news roundup – Jan. 29
World
Opinion: Stop picking on Jimmy Carter

He suffers from an egregiously unfair reputation. His record, though, shows he was quite a good president.
Ukraine will pay its $2 billion Russian gas bill

Ukraine said Tuesday that will avoid a Kremlin cutoff in gas supplies. European gas customers breathed sighs of relief.