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Gas prices should continue to drop through year's end

...Finder.It's a drop enjoyed nationwide. The average has dropped for about 70 consecutive days.The Organization of Petroleum Exporting Countries' decision at a Nov. 27 meeting to maintain an oil production target of 30 million barrels per day...
Unrest in Libya affecting prices

The first major protests to hit an OPEC country put the oil industry on edge Monday, sending crude prices jumping and raising speculation about the use of emergency oil reserves that have been touched only twice in two decades.
Oil prices fall as fears are eased

...or enough crude to supply the group for 145 days.Saudi Arabia, the most important member of the Organization of Petroleum Exporting Countries, said it would increase production to make up for any shortfalls due to unrest in Libya, if necessary...
Oil rises as OPEC maintains output

...other countries were hoping OPEC would raise production levels and bring down the price of oil.The Organization of Petroleum Exporting Countries didn't come to the rescue, however. In a contentious meeting in Vienna on Wednesday, the 12-nation...
Oil drops below $90 for first time since October

...could still rise later this year, analysts said. Iran could resume its standoff with the West. Or Organization of Petroleum Exporting Countries could pull back on oil production if oil drops too low. And hurricane season is about to begin in...
Biz bits

...France's CAC-40 both were up around 1.4 percent. Traders are awaiting Wednesday's meeting of the Organization of Petroleum Exporting Countries in Vienna. President Jose Botelho de Vasconcelos said last week that the group will likely keep output...
Economy Briefs

...meets again Dec. 17. Chakib Khelil, Algeria's oil minister and the group's president, said the Organization of Petroleum Exporting Countries ministers noted "with concern the continued deterioration of the global economic situation and its...
How to defeat U.S.-hating OPEC

...Talk about a stimulus package! But don't count on oil price relief to last much longer. The Organization of Petroleum Exporting Countries is meeting in Vienna today to plan how much to cut production. Some OPEC ministers are pushing for...
OPEC members pushing for huge production cuts

VIENNA, Austria --- Iran and Venezuela on Thursday urged OPEC to quickly slash output and stem a steep slide in prices that has left crude at its cheapest in 15 months -- and some member countries scrambling to balance their books.
Saudi says oil supplies may last 140 years

VIENNA, Austria - The world has tapped only 18 percent of the total global supply of crude, a leading Saudi oil executive said Wednesday, challenging the notion that supplies are petering out.