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International Organizations OPEC


  • Five Oligarchs Whose Names You Need to Know Wednesday, 5 Sep 2012 | 3:53 PM ET

    Oligarchs are the wealthy few who benefit from the government and for all intents and purposes call the shots behind the scenes. Oilprice.com considers five key oligarchs and oligarch families who will shape the future.

  • Oil Prices: Supply Worries Aren't What Matters Now Tuesday, 4 Sep 2012 | 3:41 PM ET

    Geopolitical and economic issues are shaping the price of oil more than worries about supply.

  • Chavez Plans to Double Venezuela Oil Output by 2019 Tuesday, 28 Aug 2012 | 4:01 PM ET
    Venezuelan President Hugo Chavez speaks at Latin American summit

    The Venezuelan president pledged to invest $130 billion in Venezuela's Orinoco Oil Belt between 2013 and 2019 to boost national production from 3 million barrels per day to 6 million bpd, doubling output to make it OPEC’s second-largest producer after Saudi Arabia, knocking Iran into third place.

  • Real estate developer Donald Trump blames President Obama for the rising price of oil, warning, "this country can never, ever recover" if oil prices continue to go up.

  • The Real Factors Behind Gasoline Price Volatility Friday, 24 Aug 2012 | 5:19 PM ET
    A worker pumps gasoline into a car.

    Nothing infuriates Americans more than volatile, spiking gasoline prices. But often the causes given for gasoline price hikes seem contrived.

  • Demand Is Weak, So Why Are Oil Prices Rising? Tuesday, 21 Aug 2012 | 2:21 PM ET

    Fundamentally, it seems, markets are well supplied, though it may be emotional factors driving certain aspects of the energy market.

  • India’s New Oil Find: Is It a Sea—or a Puddle? Monday, 20 Aug 2012 | 12:49 PM ET
    off shore oil rig

    According to the U.S. government’s Energy Information Agency, “In 2009, India was the fourth largest energy consumer in the world, after the United States, China, and Russia. Despite a slowing global economy, India's energy demand continues to rise. As vehicle ownership expands, petroleum demand in the transport sector is expected to grow in the coming years. While India's domestic energy resource base is substantial, the country relies on imports for a considerable amount of its energy use. According to the International Energy Agency, hydrocarbons account for the majority of India's energy use.”

  • New Ray Gun Used to Fight High Sea Pirates Thursday, 16 Aug 2012 | 2:10 PM ET
    Raytheon's Silent Guardian Protection System

    Gulf states are planning to use ray guns to protect their oil and gas infrastructure and also dissuade pirate attacks.

  • Syrian Energy Sanctions Hammer on Assad Regime Wednesday, 15 Aug 2012 | 5:14 PM ET

    The International Monetary Fund said Syria was one of the few countries in the Middle East whose economy is expected to contract in 2012. The IMF expected the regional economy to grow by more than 5 percent in 2012, an increase from last year. Economic problems for Damascus were compounded last week when the U.S. government extended sanctions on Iran to include the Syrian energy sector. Washington said the government in Damascus was generating millions in revenue through gasoline sales to Iran. With few political or military options available, economic warfare may be the best option for an international community frustrated with the bloodshed.

  • Sanctions Force Iranian Retreat From Global Stage Tuesday, 14 Aug 2012 | 1:48 PM ET
    Oil refinery and petrochemical complex, Mahshahr, Iran,

    Iran has struggled to find a reliable consumer base given international sanctions pressure, and its recent production levels suggest the Islamic republic is retreating somewhat from the international energy sector.

  • Is Cold Fusion Finally Being Accepted by Scientists? Friday, 10 Aug 2012 | 5:59 PM ET
    The coal fueled Fiddlers Ferry power station emits vapour into the night sky on November 16, 2009 in Warrington, United Kingdom.

    The promise of discovering a clean, green, safe, and (due to the fact that it is fueled by the most abundant metal and gas on the planet, nickel and hydrogen) cheap renewable energy source is causing many investors and scientists to overcome their previous reluctance and enter the field.

  • Why the Kurds Hold All the Cards in Iraq Oil Sector Friday, 3 Aug 2012 | 3:35 PM ET
    Tawke oil field near the town of Zacho in Dohuk province about 250 miles north of Baghdad, Iraq.

    The Kurdish government in Iraq announced Wednesday it would resume oil exports from the region later this week. Erbil had shut down exports in April, blaming the central government in Baghdad for withholding payments owed to international oil companies working in the semi-autonomous north. The region's Ministry of Natural Resources said the resumption was a goodwill gesture meant to encourage the central government to settle the outstanding payments. With foreign companies seemingly focusing their financial energy in northern Iraq, however, the gesture may be more of a power play than a confidence-building effort.

  • Q&A: Energy Showdown in Argentina Tuesday, 24 Jul 2012 | 10:58 AM ET
    Falkland Islands

    Argentina is making few friends in the fossil fuels industry these days. Sam Logan, owner of  Southern Pulse, speaks to Oilprice.com about the politics of populism behind Argentina’s energy aggression.

  • Commodities Tomorrow: Mideast Tensions in Focus Thursday, 19 Jul 2012 | 4:00 PM ET
    Commodities Tomorrow: Mideast Tensions in Focus

    CNBC's Sharon Epperson discusses the day's activity in the commodities markets and looks at where oil and precious metals are likely headed tomorrow.

  • Arctic Drilling Is Expensive. Ask the Coast Guard Thursday, 19 Jul 2012 | 1:51 PM ET
    US Coast Guard Arctic

    Royal Dutch Shell is one of six energy companies hoping to begin drilling for oil and gas in the Arctic next month, and the U.S. Coast Guard is billions of dollars short of what it needs to monitor and protect those operations, according to a report.

  • Commodities Tomorrow: Bernanke's Message Tuesday, 17 Jul 2012 | 4:00 PM ET
    Commodities Tomorrow: Bernanke's Message

    CNBC's Sharon Epperson discusses the day's activity in the commodities markets and looks at where oil and precious metals are likely headed tomorrow as Fed Chairman Ben Bernanke delivers his second day of testimony on Capitol Hill.

  • Commodities Tomorrow Monday, 16 Jul 2012 | 4:00 PM ET
    Commodities Tomorrow

    CNBC's Sharon Epperson takes a look at the factors behind oil's recent rally and how the surge will impact prices at the pump.

  • oil_new_5.jpg

    Sentiment in the oil market may start turning positive as prices begin reflecting expectations of tighter supply in the second-half, but lingering worries of a global economic slowdown still present a downside risk, according to CNBC's weekly survey of oil market sentiment.

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    While tensions between Britain and Argentina have been rising as a natural response to the 30th anniversary of the Falkland Islands War, oil is the primary driver of a renewed Falkland dispute that will determine the fate of tens of billions of dollars in black gold.

  • Finding Success on the Oil Frontier Wednesday, 4 Jul 2012 | 1:54 AM ET
    View of Iran's oil industry installations in Mahshahr, Khuzestan province, southern Iran.

    No commercially exploitable oil had been discovered in Kenya until Tullow Oil began drilling this year in the blazing savanna of the Rift Valley, about 250 miles northwest of Nairobi, the New York Times reports.