Organization Of Petroleum-Exporting Countries

Latest Organization Of Petroleum-Exporting Countries Items
  • 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 visited the TransCanada Stillwater Pipe Yard in Cushing, Okla., in March 2012. Embarking on a second term, he faces mounting pressure on a decision he put off during his re-election campaign: whether to approve the proposed Keystone XL oil pipeline between the U.S. and Canada. (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.


  • Supertankers, which transport half the world's oil, are increasingly destined toward Asian markets. The U.S. and other nations in the Western Hemisphere are becoming more self-reliant. (U.S. Navy Via Associated Press)

    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.


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