A couple members of OPEC — which will be meeting in Vienna on Tuesday — say they think there's too much oil on the market, pushing prices too low. Ashley Milne-Tyte reports.
Today's election in Angola is significant worldwide because the African nation — in peace after a decades-long war — has major stores of oil, gems and metals. Gretchen Wilson reports.
When OPEC ministers meet next week, they will face a dilemma over oil prices — should they decrease production to boost the price or stay the course? Brett Neely asks energy experts what to expect.
The Commodity Futures Trading Commission is looking into whether oil companies have been manipulating prices, according to a Wall Street Journal report. Ashley Milne-Tyte has more.
British Petroleum and its billionaire Russian partners in Russian oil company TNK have settled a long-running dispute. The deal includes removal of CEO Robert Dudley as CEO. Brett Neely has more.
The government today will release its monthly report on factory orders for non-durable goods — things like clothing, food and gas. Nancy Marshall Genzer reports on what the numbers are expected to show.
Rising fuel costs are affecting virtually every school district in the nation, according to a new survey. Some schools are keeping classes in session longer, but only four days a week. Jeremy Hobson reports.
Although assessments of the derricks and refineries in the Gulf are only just beginnng, the expectation is that Hurricane Gustav left minimal damage. Oil futures dropped on the assumption. Steve Henn reports.
Oil companies won't know the full extent of damage to offshore oil rigs and refineries in and along the Gulf of Mexico until Hurricane Gustav passes. But they think measures they've taken should limit the losses.
The Gulf oil derricks are said to be better prepared to handle a hurricane than they were three years ago. The real threat is to Gulf area refineries. Scott Jagow talks with an oil industry expert about that.
