opec

Oil prices fell below $124 a barrel Tuesday after OPEC's president said crude prices were abnormally high and that high prices did not result from lack of supply.

The leaders of OPEC have a long list of culprits for high oil prices: the falling dollar, U.S.-Iranian tensions, and shady speculators.

World demand for oil will grow by 50% by 2030 but supply should keep up with demand, Opec says.

The president of oil producers' cartel Opec tells the BBC crude oil prices could rise still further this week.

Oil rallied Thursday following reports that Libya may cut production and an OPEC official said crude could hit $170 a barrel this summer.

Oil prices rise as Opec president Chakib Khelil rebuffs calls to increase supply.

Could turning on the oil spigot put an end to the huge run in the price of oil? Don't bet on it.

Oil prices hold steady at just over $136 a barrel despite Opec again cutting forecasts for daily global oil demand.

Crude prices turned lower Tuesday on a strengthened dollar and a report showing increased output from Saudi Arabia and OPEC, while gasoline reached another record high average that stretched above the $4-a-gallon threshold.