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  • Oil Prices End Down at $124.12 Thursday, 15 May 2008 | 5:21 PM ET

    Oil prices fell Thursday as a big increase in U.S. natural gas stocks weighed on the energy complex, spurring profit-taking from recent highs.

  • Oil Prices End Down Near $124 as U.S. Supply Rises Wednesday, 14 May 2008 | 3:33 PM ET

    U.S. light, sweet crude for June delivery fell $1.58 to settle at $124.22 a barrel Wednesday on the New York Mercantile Exchange.

  • Oil Prices Finish Volatile Day Just Below $126 Tuesday, 13 May 2008 | 1:07 PM ET

    Oil prices didn't set a Nymex closing record Tuesday, but they came very close.

  • Iran Rejects Incentives for Nuclear Halt Monday, 5 May 2008 | 7:25 AM ET
    Nuclear Power Plant

    Iran said on Monday it would not consider any incentives offered by world powers that violated its right to nuclear technology, ruling out a precondition that it suspend uranium enrichment.

  • Iran Sees No Need for OPEC Oil Output Hike: Report Tuesday, 29 Jan 2008 | 3:51 AM ET

    Iranian Oil Minister Gholamhossein Nozari said in remarks published on Tuesday that the market was sufficiently supplied with crude and he saw no need for OPEC to raise production.

  • Iran Official: Crude Oil Supply Sufficient Thursday, 3 Jan 2008 | 3:03 AM ET

    A senior Iranian oil official said on Thursday there was "enough" supply in the market at this time and blamed the high crude price on excessive liquidity in financial markets.

  • Turkmenistan Stops Gas Exports to Iran Monday, 31 Dec 2007 | 9:36 AM ET

    Turkmenistan has stopped natural gas exports to Iran, causing winter shortages in some parts of its neighbour, Iranian officials said on Monday.

  • Iran, China's Sinopec Sign Oil-Field Deal Sunday, 9 Dec 2007 | 6:51 PM ET
    Oil Refinery

    Iran said China's Sinopec would invest around $2 billion under a deal signed on Sunday to develop the huge Yadavaran oil field, the kind of energy deal the United States has been trying to prevent.

  • OPEC Leaves Oil Production Unchanged Wednesday, 5 Dec 2007 | 10:22 AM ET
    Abu Dhbai

    OPEC agreed on Wednesday to keep exports unchanged, rebuffing consumer country calls for more crude to rein in $90-a-barrel oil.

  • OPEC May Consider Boost In Oil Output Wednesday Tuesday, 4 Dec 2007 | 5:25 PM ET
    Abu Dhbai

    OPEC's big Gulf producers are keeping the door open for higher oil exports when the group meets Wednesday in Abu Dhabi.

  • Oil 'Bubble' Will Burst: Iran Oil Minister Wednesday, 31 Oct 2007 | 7:43 AM ET
    Oil Pipeline

    An oil price "bubble" was not due to any shortage but was fuelled by global political tensions, a leading Iranian oil official told the state broadcaster.

  • Interview Transcript: Dick Cheney Friday, 26 Oct 2007 | 3:56 PM ET

    The unofficial transcript of an interview with Vice President Dick Cheney on "Kudlow & Company."

  • US Targets Iranian Defense Ministry with New Sanctions Thursday, 25 Oct 2007 | 10:44 AM ET

    The Bush administration announced Thursday that it is imposing sweeping new sanctions against Iran's defense ministry, its Revolutionary Guard Corps and a number of banks.

  • Oil Jumps $2 on Winter Supply Concerns Tuesday, 9 Oct 2007 | 1:53 PM ET
    Oil Pipeline

    Oil rose $2 to over $81 per barrel Tuesday, on concerns about consumer-nation supplies ahead of the coming Northern Hemisphere winter.

  • Oil Ends Down Near $79 as Traders Cash In Monday, 8 Oct 2007 | 3:31 PM ET
    Oil Pipeline

    Energy futures fell in quiet holiday trading Monday as investors, questioning whether oil will keep surging to new highs, decided to cash in some of their recent profits.

  • Oil Ends Near $81 as Traders Lock in Profit Friday, 5 Oct 2007 | 2:45 PM ET
    Oil Pipeline

    Energy futures fell Friday, as traders expecting a weakening of demand in the coming months cashed in profits from the previous session's rally.

  • Oil Ends Below $80 on Higher Crude Supply Wednesday, 3 Oct 2007 | 4:10 PM ET
    Oil Refinery

    Oil ended trade at $79.97 per barrel on Wednesday, after weekly U.S. data defied forecasts and showed crude inventories rising.

  • Turkey to Fund $3.5 Billion Iran Gas Deal Alone: Sources Wednesday, 3 Oct 2007 | 11:29 AM ET

    Turkey will finance a $3.5 billion investment in Iranian gas production entirely from a state company of its own as U.S. opposition has put off foreign investors, Energy Ministry officials said on Wednesday.

  • Oil Ends at $80.05 as Dollar Strengthens Tuesday, 2 Oct 2007 | 5:19 PM ET
    Oil Pipeline

    Oil slipped toward $80 per barrel Tuesday, retreating for a third day as a strengthening dollar and concerns about the world economy prompted investors to take profits.

  • Oil Closes Down at $80.24 as Investors Cash In Monday, 1 Oct 2007 | 3:07 PM ET
    Oil Pipeline in Germany

    Oil prices closed down on Monday, as investors took profit from the near-record highs of last week and weighed the threat of a deeper economic slowdown in the United States, the world's top oil consumer.