OPEC on Wednesday agreed to slash 2.2 million barrels from its daily production - its single largest cut ever - while bloc outsiders Russia and Azerbaijan announced their own cutbacks of hundreds of thousands of barrels from the market. ...more

December 18, 2008

VIENNA, Austria — OPEC oil ministers have decided to curb overproduction by more than 500,000 barrels. ...more

September 9, 2008

There is too much crude on global oil markets, senior oil officials from Iran and Libya said Monday, as the price of oil continued a two-month slide. ...more

September 9, 2008

Congress appeared deadlocked Wednesday on responding to the nation's energy problems amid a bitterly partisan rift over whether to open long-restricted offshore waters to oil and gas drilling. ...more

July 31, 2008

Iran's war games this week featured more bluff and exaggeration than displays of menacing new power, military analysts said Friday. ...more

July 12, 2008

Senate Republicans blocked a proposal Tuesday to tax the windfall profits of the largest oil companies, despite pleas by Democratic leaders to use the measure to address America's anger over $4 a gallon gasoline. ...more

June 11, 2008

Federal regulators are six months into a wide-ranging investigation of U.S. oil markets, with a focus on possible price manipulation. ...more

May 30, 2008

Everywhere I go these days, talking about the global energy predicament on the college lecture circuit or at environmental conferences, I hear an increasingly shrill cry for "solutions." This is just another symptom of the delusional thinking that now grips the nation, especially among the educated and well-intentioned. ...more

May 28, 2008

Oil futures rallied to a new record of more than $88 a barrel Tuesday on concerns about disruptions to Middle Eastern crude supplies and a growing view that domestic supplies are not sufficient to meet fourth-quarter demand. ...more

October 17, 2007

OPEC sought to reassure jittery oil markets Tuesday by agreeing to boost crude production by 500,000 barrels a day - a move the cartel conceded was prompted partly by 'clouds on the horizon' from the U.S. housing slump. ...more

September 12, 2007