Topic: OPEC

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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

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Economic bright spot: energy prices

Gasoline and some heating costs are expected to be relatively low in 2009.
An open-source engine?

Will the American cars of the future be powered by gasoline, biofuels, natural gas, or electricity? If the Set America Free Coalition has their way, the answer will be "all of the above."
World
Letters to the Editor

Readers write about the need for ethics training in the US, bargaining with Afghanistan's tribal leaders, and why OPEC should be dissolved.
OPEC announces historic cuts to buoy oil prices

The petroleum cartel said it will slash production by 2.2 million barrels per day in hopes prices will climb back toward $75 per barrel.
World
Opinion: The petroleum and poverty paradox

We must work smarter to reverse the resource curse.
World
Oil industry adjusts to lower prices

But some wildcatters pack up their drill bits as the exploration rush has cooled.
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World
Will cheaper gas nix energy reforms?

If prices keep dropping, the next president may find it harder to ease the US off foreign oil.
Russia pushes an 'OPEC' for natural-gas nations

The world's biggest suppliers will meet in Moscow on Nov. 18 to finalize plans for a cartel to control gas prices.
World
OPEC to cut oil production by 5 percent

In an emergency meeting Friday, OPEC tries to prop up oil prices as a looming global recession dampens demand.
World
Opinion: Why the economy fares much better under Democrats

On job and income growth, the record couldn't be clearer.
Falling oil prices dent Hugo Chávez's clout

With oil prices down by half since July, the Venezuelan leader's largess may dry up.
Reporters on the Job
World
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With oil prices falling, O.P.E.C. weighs cuts

Ministers of the Organization of Petroleum Exporting Countries meet Tuesday in Vienna and may unofficially ease back on production levels that are above OPEC quotas.
Reporters on the Job
Presidential energy pledges: We've heard them before

Presidents have made promises about energy for almost 35 years.
Indonesia struggles to capitalize on its oil

OPEC's only Asian member, it has failed to meet its production quota and is quitting the cartel this year.