• Oil Hits Record Above $140 on Weakening Dollar Friday, 27 Jun 2008 | 3:19 PM ET
    Oil Refinery in California

    Oil futures climbed to a new record near $143 a barrel Friday as the dollar weakened against the euro, confirming expectations that the falling greenback, a major factor in crude's stratospheric rise, will extend its decline and add to oil's appeal.

  • Oil Prices Close at Record $139.64 on OPEC Warning Thursday, 26 Jun 2008 | 3:13 PM ET

    Oil futures shot above $140 Thursday after OPEC's president said oil prices could rise well above $150 a barrel this year and Libya said it may cut oil production.

  • OPEC Chief Sees $150-170 Oil in Coming Months Thursday, 26 Jun 2008 | 8:47 AM ET

    Crude oil prices could rise to as high as $170 per barrel in the coming months but are unlikely to hit $200 and should ease towards the end of the year, OPEC President Chakib Khelil said in an interview on Thursday.

  • EIA Cuts World 2010 Oil Output Expectations Wednesday, 25 Jun 2008 | 9:19 AM ET

    Crude oil production from non-OPEC countries will not be able to keep up with growing global demand in the next few years, forcing oil consuming nations to rely more on the Organization of Petroleum Exporting Countries for supplies, the U.S. Energy Information Administration said Wednesday.

  • UAE Will Only Boost Output Within OPEC Deal Wednesday, 25 Jun 2008 | 4:11 AM ET

    The United Arab Emirates would only increase oil production as part of a decision agreed by all of OPEC, Oil Minister Mohammed al-Hamli said on Wednesday, dashing faint hopes it might follow recent Saudi boosts.

  • Too Few Sellers to Cool Feverish Oil Market Tuesday, 24 Jun 2008 | 11:36 AM ET

    "More buyers than sellers," is often the answer traders give when asked why prices of shares, bonds or commodities are high.

  • Powering The Planet -- Editor's Introduction Monday, 23 Jun 2008 | 10:27 AM ET

    It's all about energy, these days.   This special report, "Powering The Planet", aims to inform and educate you about the global energy challenge. Now and over the coming months, you'll find useful guides on energy sources and investments, a resource center with related links on a host of subjects, as well as an exhaustive library of videos from CNBC. Users will also be able to access a special collection of podcast videos for downloading. And speaking of taking it with you, take our customized widget, please.

  • OPEC President Sees No Demand for More Oil Monday, 23 Jun 2008 | 10:10 AM ET

    Oil producers cannot pump more without demand for extra supply, and at the moment that demand does not exist, OPEC President Chakib Khelil said on Monday.

  • Jeddah Oil Meeting Achieved 'Absolutely Nothing' Monday, 23 Jun 2008 | 8:33 AM ET

    The token gesture of Saudi Arabia committing to raise oil production meant nothing to the futures market and crude prices will just continue to climb, an energy analyst told CNBC Europe Monday.

  • Oil Friday, 20 Jun 2008 | 3:54 PM ET

    The record run-up in oil prices over recent years is igniting fierce debate over the "peak oil" theory — that once the maximum rate of global production is reached, a steep decline ensues.   Here we present two squarely opposed viewpoints on the issues from rivals who have been sparring for years. 

  • World oil producers and consumers should work on removing sanctions and soothing Middle East security fears to boost investment in new production capacity, Iran's OPEC governor said on Friday.

  • OPEC Hike Unlikely at Jeddah Emergency Oil Talks Friday, 20 Jun 2008 | 3:48 AM ET

    Eight-cylinder luxury cars will rumble along Jeddah's highways guzzling cheap Saudi gasoline as energy powers hold emergency talks in the Red Sea port this weekend to brake the free-wheeling rise in oil prices.

  • Oil Settles Below $132 as China Raises Fuel Prices Thursday, 19 Jun 2008 | 6:29 PM ET
    Oil Pipeline

    Oil prices dropped sharply Thursday after China said it will raise fuel prices, a move that could dampen the booming Asian nation's oil consumption.

  • Shell Shuts Down Nigerian Oil Field After Attack Thursday, 19 Jun 2008 | 4:28 AM ET

    Royal Dutch Shell said it shut down production at an offshore oil installation that produces about 200,000 barrels per day after the most powerful militant group in Nigeria said it launched an attack there Thursday.

  • Oil Reverses Course; Over $136 on Supply Concerns Wednesday, 18 Jun 2008 | 3:07 PM ET
    Oil Pipeline

    Oil rose as a strike threat by oil workers in OPEC nation Nigeria stoked supply concerns ahead of a meeting of top producers and consumers aimed at tackling soaring energy prices.

  • Oil Falls Below $134 on Saudi Output Hike Plan Tuesday, 17 Jun 2008 | 2:54 PM ET

    Oil prices slipped from record highs on plans by top exporter Saudi Arabia to increase crude output to help curb soaring fuel costs.

  • Oil Closes Below $135 after Hitting Intraday Record Monday, 16 Jun 2008 | 4:29 PM ET

    Oil prices eased Monday as top world producer Saudi Arabia appeared poised to boost production to the highest level in decades to ease a record rally that has threatened global economic growth.

  • Oil Settles Near $135 on Saudi Output Boost Friday, 13 Jun 2008 | 3:20 PM ET

    U.S. crude futures slipped on Friday as a report that Saudi Arabia was considering increasing output and a stronger dollar combined to pressure the oil futures complex.

  • The Synergies of Energy Friday, 13 Jun 2008 | 4:19 AM ET

    Energy prices have been absolutely sizzling hot, more than doubling the last 12 months. And with heavyweights like Goldman Sachs predicting that prices will hit $150 a barrel by this summer, everyone -- from producers to governments to motorists -- has been obsessed with where oil prices are going.

  • Oil Prices Close Near $137 on Nigerian Strike Threat Thursday, 12 Jun 2008 | 4:30 PM ET

    Oil prices rose Thursday after concerns about a possible strike in Nigeria, Africa's top producer, stirred supply worries.