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U.S. to OPEC: Don’t Drill, Baby, Don’t Drill

OPEC collusion used to be bad news for America. Now, the oil patch is cheering signs the cartel might rein in production.
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OPEC Votes Not To Cut Production, Oil Prices Plummet

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The 12-member oil cartel OPEC will leave its production target unchanged at 30 million barrels per day. According to Bloomberg, Saudi Arabia's oil minister Ali al-Naimi  confirmed the report that markets were already expecting. OPEC...

Crude oil is getting slammed after OPEC reportedly decides not to cut output (USO, WTI, OIL, VDE)

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Crude oil prices collapsed after a report crossed that the 12-member oil cartel OPEC is not cutting its production levels. According to Reuters, the group decided not to cut its production levels. Bloomberg reported, citing an OPEC ...

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Oil is headed upwards. Prices of the major oil benchmarks are all higher on Monday following a report that oil cartel OPEC may cap its production. According to a report in the Wall Street Journal, the influential cartel is planning ...

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