oil prices

'Kings When It's Good': Oklahoma Braces For Possible Crude Crash

12:26pm January 13, 2015

by Joe Wertz

Big-energy states are hoping the cheap oil is just a blip. In Oklahoma, the head of a catering firm delivering food to oil field workers worries that "$40-a-barrel oil? It's going to shut everything."

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King Abdullah (right) and Crown Prince Salman (left) are shown in this 2012 poster. The king, who is at least 90, was hospitalized last week and Salman on Tuesday stepped in for the monarch and delivered an annual televised speech to the nation.

With The Saudi King Ailing, Succession Speculation Begins

8:47pm January 06, 2015

by Michele Kelemen

King Abdullah, who's at least 90, was hospitalized last week and Crown Prince Salman delivered an annual televised speech Tuesday. One analyst says the kingdom is stable, perhaps too much so.

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Looking To 2015, Economists See 5 Reasons To Celebrate

10:39am December 29, 2014

by Marilyn Geewax

Economists' forecasts for 2015 have gotten even more optimistic as oil prices have declined. Most now say inflation will remain low as hiring strengthens. That should lead to more consumer spending.

James Franco (left) and Seth Rogen, stars of The Interview, arrive for the film's Los Angeles premiere on Dec. 11. The comedy about a CIA plot to assassinate North Korean leader Kim Jong Un was pulled from theaters after a cyberattack on Sony Pictures, th

The 5 Business Stories That Made 2014 A Memorable Year

3:26pm December 23, 2014

by Marilyn Geewax

From hack attacks to the bottom falling out of oil, 2014 has been a year of big swings at the top and stagnation at the bottom.

A Rosneft oil rig at the Vankor oil field in eastern Siberia. Russia is already feeling the pinch of low oil prices.

Experts Predict Low Oil Prices Through Next Year

11:29am November 28, 2014

by Scott Neuman

Following a decision by OPEC ministers not to cut production, crude prices had fallen to a four-year low before rebounding slightly.

Pipes for TransCanada's planned Keystone XL pipeline are stored in Gascoyne, N.D. The U.S. House has voted to approve the proposed project, which would allow crude oil to flow from Canada to the Gulf of Mexico. The Senate plans to vote Tuesday on legislat

What You Need To Know About The Keystone XL Oil Pipeline

7:36pm November 18, 2014

by Jeff Brady

The long-delayed project is a jobs generator to some and an ecological disaster to others. Ahead of a key Senate vote, we revisit what the Keystone XL pipeline would do and why it's so contentious.

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Halliburton To Buy Baker Hughes For $34.6 Billion

7:08pm November 17, 2014

by Krishnadev Calamur

The deal, which must be approved by regulators, would combine the world's second- and third-largest oilfield services providers. The new company would be a formidable rival to Schlumberger Ltd.

Ray Gerrish repairs a drilling rig near Watford City, N.D. Oil industry analysts predict that oil prices will have to remain low for at least several months before having a significant effect on U.S. production.

It's Still Too Early For Tanking Oil Prices To Curb U.S. Drilling

6:32pm November 04, 2014

by John Ydstie

The U.S. is now the world's largest oil producer, and some worry that falling prices could mean an industry slowdown. But with production costs also falling, drillers are unlikely to cut back soon.

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Falling Oil Prices Make Fracking Less Lucrative

12:35pm November 04, 2014

by Jeff Brady

As oil prices dip, controversial and relatively expensive production methods, like oil sands and fracking, have become less profitable. Some drillers are already cutting back on plans for more wells.

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U.S. Secretary of State John Kerry speaks with Saudi King Abdullah bin Abdul Aziz al-Saud as the Saudi ambassador to the United States, Adel al-Jubeir, listens before a meeting at the Royal Palace in Jiddah, Saudi Arabia, on Sept. 11.

World News

Why Does Saudi Arabia Seem So Comfortable With Falling Oil Prices?

10:29am October 31, 2014

by Jackie Northam

Normally, the "central banker of oil" would slow production to push up prices. Not so now. Some say it's a geopolitical tactic aimed at Russia and Iran; others say it's just protecting market share.

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