Energy officials from the world's top consumer nations met to discuss ways to tame record prices on Saturday, a day after oil's biggest one-day surge on record. The U.S. energy chief singled out cheap fuel in Asia -- notably China and India -- as part of the problem.
President George W. Bush will make an announcement on Wednesday about energy and call on Congress to pass legislation lifting a ban on offshore oil drilling, the White House said.
President Bush urged Congress to end a ban on offshore oil drilling, seeking to address rising consumer angst over gasoline prices.
The seemingly endless surge in energy prices is lightening wallets at gas stations, but it's also a potential bonanza for investors.
As President Bush called for dropping the ban on offshore oil drilling, CNBC asked the experts how to profit from oil.
In recent years, this global shortage of drill-ships has created a critical bottleneck, frustrating energy company executives and constraining their ability to exploit known reserves or find new ones. Slow growth in oil supplies, at a time of soaring demand, has been a major factor in the spike of oil and gasoline prices.
High oil prices will continue to affect Friday's Aussie trading session, despite a pullback overnight. Mark Southwell-Keely, director at Select Equities tells CNBC's Amanda Drury the stocks he is watching.
Discussing the oil production crunch, with Gary Shilling, A. Gary Shilling & Co.; Fritz Meyer, Invesco Aim; David Malpass, Bear Stearns; Joseph Battipaglia, Stifel Nicolaus; Jim Awad, WP Stewart Asset Mgmt.; and CNBC's Larry Kudlow.
Protecting your portfolio as crude oil rises, with Hunt Ramsbottom, Rentech Inc. CEO and CNBC's Larry Kudlow.
Fanning out across the nation to see how the oil crisis is hitting Americans and American business, with CNBC's reporter team.
Discussing crude's ripple effect and who's to blame for high prices, with Daniel Yergin, Cambridge Energy Research Associates; John Kilduff, MF Global Energy; and CNBC's Larry Kudlow.
Beating the oil crisis, with CNBC's Sharon Epperson, Carmen Wong Ulrich & Dylan Ratigan.
See how your pain is someone else's gain, with NBC's Janet Shamlian.
Record oil might be taking a bite out of your pocketbook but it's also boosting the bottom line of energy companies, with Jon Najarian, OptionMonster.com; Tim Seymour, Seygem Asset Mgmt.; Dennis Gartman, "The Gartman Letter"; and CNBC's Dylan Ratigan.
Oil at $130 a barrel is overpriced, say Lim Say Boon, chief investment strategist at Standard Chartered Group Wealth Management & Paul Larson, equities strategist at Morningstar. They discuss where oil prices are headed and its impact on the markets, with CNBC's Martin Soong & Sri Jegarajah.
Cramericans are weighing in on America's oil crisis, with Mad Money host Jim Cramer.
Discussing who's to blame for the oil crisis, with Henry Paulson, Treasury secretary and CNBC's Maria Bartiromo.
Paul Larson, equities strategist at Morningstar & Lim Say Boon, chief investment strategist at Standard Chartered Group Wealth Management agree that speculators are responsible for driving the price of oil higher. They discuss the fundamentals supporting oil prices, with CNBC's Martin Soong.
Lim Say Boon, chief investment strategist at Standard Chartered Group Wealth Management tells CNBC's Martin Soong how he hedges his investments from volatility and inflation.
Surging oil prices and uncleared credit market losses will keep equities volatile over the next two quarters, notes Lim Say Boon, chief investment strategist at Standard Chartered Group Wealth Management. He discusses the current market conditions with CNBC's Martin Soong.