OPEC Members Call For Emergency Meeting On Oil

The 12-year low in crude is "shattering" the economies of OPEC member countries. Nigeria's top oil official who is also OPEC's president says Saudi's policy on not cutting production "is going too far."

Jan 12th, 2016

The 12-year low in crude is "shattering" the economies of OPEC member countries. Nigeria's top oil official who is also OPEC's president says Saudi's policy on not cutting production "is going too far."

More in Energy
eBook: Secrets of Rock Star CFOs
Sponsored
eBook: Secrets of Rock Star CFOs
Secrets of Rockstar CFOs is a new ebook based upon conversations with dozens of elite CFOs, from Silicon Valley startups to Fortune 500 multinationals.
Apr 5th, 2021
People wait in line to vote in the Inussivik arena in Nuuk, Greenland, April 6, 2021.
Mine Opponents Win Greenland Election
The proposed Kvanefjeld mine could hold the largest deposit of rare-earth metals outside China.
Apr 7th, 2021
A parking area with charging stations for electric vehicles at a public park in Orlando, Fla., April 1, 2021.
Can Biden's Plan Add Energy Jobs?
Even with favorable policies, it can take generations to create jobs in individual industries.
Apr 7th, 2021
Reactors of No. 6 and No. 7 at Kashiwazaki-Kariwa nuclear power plant, Niigata prefecture, Japan, Sept. 30, 2017.
Regulator Bans Nuclear Plant Restart Over Lax Safeguards
Inspectors found malfunctioning anti-terrorism equipment and inadequate protection of nuclear materials.
Apr 7th, 2021
A wall of election posters for candidates of the upcoming election to Greenland parliament, in Nuuk, Greenland, Tuesday March 30, 2021. The autonomous territory within the Kingdom of Denmark, Greenland, will hold an election to its Parliament consisting of 31 members, on April 6, 2021.
Election Shows Divide Over Rare-Earth Metals Mine
Greenland has the world’s largest undeveloped deposits of rare-earth metals.
Apr 6th, 2021
I Stock 91824450
The US Needs a Macrogrid
To move electricity from areas that make it to areas that need it.
Apr 5th, 2021
In this Thursday, July 26, 2018 file photo, Secretary of Energy Rick Perry, left, with the main cyrogenic heating exchange behind him, and Thomas Farrell, II, chairman, president and CEO, Dominion Energy, speak with reporters at Dominion Energy's Cove Point LNG liquefaction Project facility in Lusby, Md., Tom Farrell, who led Dominion Energy for more than a decade, has died Friday, April 2, 2021 one day after he stepped down from his post. He was 66.
Dominion Energy Exec Dies Day After Retiring
Dominion serves 7 million customers in 16 states and is a Fortune 500 company based in Richmond, Virginia.
Apr 5th, 2021
General Motors assembly plant and parking lot, Wentzville, Mo., March 24, 2021.
Starving for More Chips in a Tech-Hungry World
As the economy rebounds from the pandemic, a vital cog is in short supply.
Apr 2nd, 2021
West Virginia Gov. Jim Justice, center, shakes hands with West Virginia Great Barrel Co. managing partners Tom Crabtree, left, and Philip Cornett at an announcement in Charleston, Oct. 19, 2017.
West Virginia Gov., Company Ordered to Pay $6.8M in Coal Feud
The company failed to fulfill a 2017 agreement to deliver hundreds of thousands of tons of coal for shipment overseas.
Apr 2nd, 2021
Bus in Portland, Ore., July 2015.
Pacific Northwest Officials Consider Hydrogen Fuel
Potential converts include transit agencies, state legislators, and Boeing’s drone subsidiary in the Columbia River Gorge.
Apr 2nd, 2021
The morning sun rises behind oil rigs sitting in storage Saturday, Feb. 6 at a yard outside of Odessa, Texas.
Oil Cartel to Slowly Boost Crude Oil Output
OPEC and allies will add back some 2 million barrels per barrel per day of oil production from May to July.
Apr 1st, 2021
FirstEnergy Corp.'s Davis-Besse Nuclear Power Station in Oak Harbor, Ohio, April 4, 2017.
Company Refunds $26M as Nuclear Bailout Repealed
FirstEnergy is under scrutiny for its role in a $60 million bribery and corruption scheme.
Apr 1st, 2021