OPEC

Organization of the Petroleum Exporting Countries logo (AP Photo)

Oil falls below $92 on high supplies, OPEC output

(AP) – The price of oil fell 2 percent to its lowest level in a month after OPEC stuck to its current production target despite ample supplies of crude. U.S. crude oil futures fell $1.64 […]

05/31/2013

Organization of the Petroleum Exporting Countries logo (AP Photo)

OPEC keeps oil output target at 30 million barrels

VIENNA (AP) — OPEC oil ministers reached quick agreement Friday on keeping output targets steady but deferred solutions on how to deal with surging U.S. shale oil production and internal rivalries denting the organization’s image […]

05/31/2013

US may soon become world's top oil producer

NEW YORK (AP) – U.S. oil output is surging so fast that the United States could soon overtake Saudi Arabia as the world’s biggest producer. The boom in production is being driven by high oil […]

10/23/2012