The surge in oil production in the U.S. and Canada and shrinking oil consumption in the developed world is transforming the global oil market.Full story
LONDON (Reuters) - U.S. shale oil will help meet most of the world's new oil demand in the next five years, even if the global economy picks up steam, leaving the need for OPEC crude barely changed from today's levels, the West's energy agency said on Tuesday. Full story
After the Venezuelan leader’s countless controversial statements, Chris Hayes and his panel focus on how Hugo Chavez’s role as an outsider on the world stage shaped his country’s diplomatic relations.
If Texas were a member of OPEC, it would be the cartel's seventh biggest member. So, should the Lone Star State join OPEC? Andy Lipow, president of Lipow Oil Associates, weighs in.
CNBC's Steve Sedgwick reports on the OPEC meeting taking place in Vienna and the ministers' concern about over supply, even though prices seem to be stable now. There's also a dispute about who will take over leadership of the organization.
Reuters is among the sources reporting OPEC has agreed to keep its oil production ceiling unchanged, reports CNBC's Kelly Evans.
CNBC's Kelly Evans reports OPEC leaders agree to keep its oil production ceiling unchanged.
Police officers stand guard on the rooftop of Vienna's OPEC headquarters before the start of meeting of OPEC oil ministers. Police officers stand guard on the rooftop of Vienna's OPEC headquarters before the start of a meeting of OPEC oil ministers September 20, 2005. REUTERS/Heinz-Peter Bader
Saudi Arabian Oil Minister Ali al-Naimi listens to journalist during an OPEC meeting in Vienna December 12, 2012. REUTERS/Heinz-Peter Bader
OPEC building is pictured in the centre Vienna in this September 14, 2010 file photo. The U.S. shale energy revolution is a "big issue", United Arab Emirates' Oil Minister Mohamed bin Dhaen al-Hamli said at the meeting of the Organization of Petroleum Exporting Countries. He urged OPEC to protect it
United Arab Emirates' Oil Minister Mohamed bin Dhaen al-Hamli is surrounded by journalists as he arrives for a meeting of OPEC oil ministers at a hotel in Vienna, in this December 11, 2012 file photo. At an OPEC conference in Vienna last December, the oil minister of the United Arab Emirates was out