Topic - Organization Of Petroleum-Exporting Countries

Subscribe to this topic via RSS or ATOM
Related Stories
  • A column of smoke rises from an oil refinery in Baiji, 155 miles north of Baghdad, on Thursday. Sunni Muslim extremists who have taken over large portions of northern Iraq have shown their willingness to use oil supplies as a weapon. (Associated Press)

    U.S. oil flow helps keep prices in check as threats rise overseas

    America's growing energy independence is paying major dividends this spring, helping to keep a lid on fuel prices despite sudden threats to major global oil supplies in Iraq and Russia that in the past would have sent prices soaring.

  • Illustration by Greg Groesch for The Washington Times

    GAFFNEY: It's payback for OPEC

    Forty years ago this week, America received a harsh lesson about the dangers of relying on others for energy. President Nixon's decision in the midst of the Yom Kippur War to resupply Israel with U.S. weaponry gave members of the OPEC cartel an excuse to embargo oil supplies to this country and drive up prices worldwide. It became known as the "oil shock" of 1973.

  • ** FILE ** President Obama visits the TransCanada Stillwater Pipe Yard in Cushing, Okla., in March 2012. (Associated Press)

    U.S. pumps up oil production as demand rises in developing world

    The rapid growth of U.S. oil production is transforming global markets and easing supplies just as China and the rest of the developing world move to overtake the developed world for the first time in consumption, the International Energy Agency reported Tuesday.

  • Major changes from oil revolution

    For Americans who came of age in an era marked by worries about scarce world oil supplies, dominant international oil cartels and unrest in the Middle East, the times are changing — quickly.

  • The soaked leaves of a green-leaning Oolong called Wild Goddess infuse a golden, slightly nutty tea.

    Newly formed tea cartel hints of higher prices

    Move over OPEC. There's a new cartel in town — this one aimed at driving up the price of tea.

  • BOOK REVIEW: ‘Petropoly’

    The Obama administration would do itself and our economy a great service if it brought back the office of energy czar for the purpose of making this book's thesis a reality -- and made its co-authors, Anne Korin and Gal Luft, co-czars.

  • Qatar set to host major climate talks

    When the tiny desert nation of Qatar was chosen to host the latest round of United Nations climate change negotiations, environmentalists were stunned.

  • SANDERS: Now oil producers are panicking at pump

    If we can get your attention off Dred Scott II — the Supreme Court decision on health care costs with its byzantine political implications — something perhaps as fundamental for the U.S. and world economies is happening: a second fossil fuel revolution.

  • Kuwaiti Oil Minister Hani Abdulaziz Hussain speaks to journalists before the start of the meeting of the Organization of the Petroleum Exporting Countries at their headquarters in Vienna, Austria, on Thursday, June 14, 2012. (AP Photo/Ronald Zak)

    OPEC to keep target output at 30 million barrels

    OPEC oil ministers have decided to keep a production target of 30 million barrels a day, citing mounting world economic concerns for their decision. OPEC oil ministers have decided to keep a production target of 30 million barrels a day, citing mounting world economic concerns for their decision.

  • Leaders of OPEC split on amount of crude to produce

    OPEC ministers are coming into a meeting deeply divided over how much crude to pump, with Saudi Arabia keen to keep a lid on prices, rival Iran pushing to cut production and Iraq expected to back Iran, its longtime foe under Saddam Hussein.

  • Illustration by Alexander Hunter for The Washington Times

    ZUBRIN: Keystone XL rejection weakens America and strengthens her enemies

    The United States is by far the world's leading oil importer. Thus, it follows that when the price of oil goes up, our economy is severely taxed and, therefore, it goes down. Indeed, every oil price increase for the past four decades, including those in 1973, 1979, 1991, 2001 and 2008, has been followed shortly afterward by a sharp rise in American unemployment.

  • Iraqi Oil Minister Abdul-Karim Elaibi, OPEC's acting president, said that while Iran's "enemies" have imposed sanctions on the Islamic republic, OPEC's focus should be protecting its members' interest and not being dragged into a political struggle. (Associated Press)

    OPEC seeks to stayout of Iran-West spat

    OPEC's acting president said the oil cartel should stay out of political battles, Iran's official IRNA news agency reported Sunday, an apparent bid by the bloc to steer clear of a potential showdown between Tehran and the U.S. over threats to close the vital Strait of Hormuz.

  • Chinese Premier Wen Jiabao (center) is welcomed by an unidentified Saudi official (left) as Saudi Crown Prince Nayef bin Abdel-Aziz (right) looks on before their meeting in Riyadh, Saudi Arabia, on Saturday, Jan. 14, 2012. (AP Photo/Saudi Press Agency)

    Iran warns Gulf Arabs on oil

    Iran warned Gulf Arab oil producers against boosting production to offset any potential drop in Tehran's crude exports in the event of an embargo affecting its oil sales, the latest salvo in the dispute between the West and the Islamic Republic over its nuclear program.

  • LETTER TO THE EDITOR: Natural gas the answer to OPEC dependency

    A recent news report said Saudi Arabia is funding housing, salary increases and the creation of 60,000 new jobs. In Kuwait, citizens were given $3,664 and free food for 13 months. In Algeria, civil servants received a 34 percent pay raise. In Qatar, the crown prince ordered $8.2 billion in civil servant salary increases.

  • Illustration: Oil by Alexander Hunter for The Washington Times

    GAFFNEY: Increase federal role to open new foreign oil alternatives

    Mark Twain is usually credited with the quip, "Everybody talks about the weather, but nobody does anything about it." The same is certainly true of our dependence on foreign, and often unfriendly, sources of energy - particularly when gas prices soar and every American feels the pinch.

More Stories →

Happening Now