<?xml version="1.0" encoding="UTF-8"?><rss version="2.0"><channel><title>OPEC: News &amp; Videos about OPEC - CNN.com</title><link>http://topics.cnn.com/topics/feeds/rss/OPEC</link><description>Find stories, videos, and photos about OPEC from CNN.com.</description><language>en-us</language><copyright>Cable News Network LP, LLLP.</copyright><pubDate>Mon, 09 Nov 2009 00:13:14 GMT</pubDate><ttl>5</ttl><image><title>OPEC: News &amp; Videos about OPEC - CNN.com</title><url>http://i.cdn.turner.com/cnn/.element/img/1.0/logo/cnn.logo.rss.gif</url><link>http://topics.cnn.com/topics/feeds/rss/OPEC</link><width>144</width><height>33</height><description>Find stories, videos, and photos about OPEC from CNN.com.</description></image><item><title>Oil recovers to hold above $79</title><link>http://money.cnn.com/2009/10/27/markets/oil.reut/index.htm</link><guid>http://money.cnn.com/2009/10/27/markets/oil.reut/index.htm</guid><description>Oil rose above $79 a barrel Tuesday as rising gasoline demand in the United States helped investors shrug off a drop in consumer confidence in the world's biggest energy user.</description><pubDate>Tue, 27 Oct 2009 19:30:00 EDT</pubDate></item><item><title>Oil prices rally, pullback on horizon</title><link>http://money.cnn.com/2009/10/16/markets/oil_price_outlook/index.htm</link><guid>http://money.cnn.com/2009/10/16/markets/oil_price_outlook/index.htm</guid><description>Oil prices have vaulted above $78 a barrel this week as investors continue to fret about a weak dollar and the pace of the economic recovery.</description><pubDate>Fri, 16 Oct 2009 18:14:00 EDT</pubDate></item><item><title>Oil tops $74 and hits a 7-week high</title><link>http://money.cnn.com/2009/10/13/markets/oil.reut/index.htm</link><guid>http://money.cnn.com/2009/10/13/markets/oil.reut/index.htm</guid><description>Crude oil rose to a seven-week high above $74 a barrel Tuesday after OPEC raised its 2010 demand forecast and the dollar weakened, boosting demand for commodities.</description><pubDate>Tue, 13 Oct 2009 19:44:00 EDT</pubDate></item><item><title>Oil slides to near $70</title><link>http://money.cnn.com/2009/06/15/markets/oil/index.htm</link><guid>http://money.cnn.com/2009/06/15/markets/oil/index.htm</guid><description>Oil sold off Monday to settle near the $70 mark as the dollar rose, stocks fell, and a slew of global events put downward pressure on prices.</description><pubDate>Mon, 15 Jun 2009 18:48:00 EDT</pubDate></item><item><title>Oil rises above $65 as OPEC holds steady</title><link>http://money.cnn.com/2009/05/28/markets/oil/index.htm</link><guid>http://money.cnn.com/2009/05/28/markets/oil/index.htm</guid><description>Oil rose above $65 a barrel Thursday after OPEC decided to leave the group's crude production unchanged and an inventory report showed an unexpected decline in supply.</description><pubDate>Thu, 28 May 2009 18:52:00 EDT</pubDate></item><item><title>Oil hits 6-month high above $62</title><link>http://money.cnn.com/2009/05/26/markets/oil/index.htm</link><guid>http://money.cnn.com/2009/05/26/markets/oil/index.htm</guid><description>Oil prices rebounded Tuesday to their highest level this year as a triple-digit rally on Wall Street pulled crude off its earlier lows.</description><pubDate>Tue, 26 May 2009 19:06:00 EDT</pubDate></item><item><title>Oil rallies above $50</title><link>http://money.cnn.com/2009/04/09/markets/oil/index.htm</link><guid>http://money.cnn.com/2009/04/09/markets/oil/index.htm</guid><description>Oil prices followed the stock market higher Thursday after Wells Fargo released a bright earnings outlook.</description><pubDate>Thu, 09 Apr 2009 18:58:00 EDT</pubDate></item><item><title>Oil: Low prices are behind us</title><link>http://money.cnn.com/2009/03/18/markets/oil_prices/index.htm</link><guid>http://money.cnn.com/2009/03/18/markets/oil_prices/index.htm</guid><description>Crude closed at $33.87 a barrel earlier this winter, and that's likely the lowest we'll see for some time.</description><pubDate>Thu, 19 Mar 2009 20:58:00 EDT</pubDate></item><item><title>Oil prices rise on stocks, dollar</title><link>http://money.cnn.com/2009/03/16/markets/oil/index.htm</link><guid>http://money.cnn.com/2009/03/16/markets/oil/index.htm</guid><description>Oil prices closed higher Monday, recovering from earlier losses, as investors responded to rising stock prices, a weaker U.S. dollar and reports of a pipeline attack in Nigeria.</description><pubDate>Mon, 16 Mar 2009 19:07:00 EDT</pubDate></item><item><title>Oil prices sink near $46</title><link>http://money.cnn.com/2009/03/13/markets/oil/index.htm</link><guid>http://money.cnn.com/2009/03/13/markets/oil/index.htm</guid><description>Oil prices sank nearly a dollar Friday as OPEC and the IEA cut their 2009 demand projections.</description><pubDate>Fri, 13 Mar 2009 19:29:00 EDT</pubDate></item><item><title>Oil above $47 on production cut talk</title><link>http://money.cnn.com/2009/03/09/markets/oil/index.htm</link><guid>http://money.cnn.com/2009/03/09/markets/oil/index.htm</guid><description>Oil prices rose above $47 a barrel Monday on talk of an OPEC production cut, but they fell off the day's high after comments from Saudi Arabia put a damper on the speculation.</description><pubDate>Mon, 09 Mar 2009 19:14:00 EDT</pubDate></item><item><title>Oil down 10%: Economy trumps cuts</title><link>http://money.cnn.com/2009/03/02/markets/oil/index.htm</link><guid>http://money.cnn.com/2009/03/02/markets/oil/index.htm</guid><description>Oil prices dropped 10% Monday as concerns over a weakening economy overshadowed signs of supply reductions from OPEC.</description><pubDate>Mon, 02 Mar 2009 19:53:00 EST</pubDate></item><item><title>Oil jumps more than $2</title><link>http://money.cnn.com/2009/02/25/markets/oil/index.htm</link><guid>http://money.cnn.com/2009/02/25/markets/oil/index.htm</guid><description>Oil gained more than $2 a barrel Wednesday, after a government report showed that while supplies of gasoline fell much more than expected, crude stockpiles continue to grow amid sluggish demand.</description><pubDate>Wed, 25 Feb 2009 21:38:00 EST</pubDate></item><item><title>Oil settles below $40 on demand jitters</title><link>http://money.cnn.com/2009/02/09/news/economy/oil/index.htm</link><guid>http://money.cnn.com/2009/02/09/news/economy/oil/index.htm</guid><description>Oil prices fell Monday, erasing earlier gains, as the market remains confined to a narrow trading range by concerns about waning demand and ongoing production cuts.</description><pubDate>Mon, 09 Feb 2009 22:31:00 EST</pubDate></item><item><title>Oil prices step above $41</title><link>http://money.cnn.com/2009/02/05/markets/oil/index.htm</link><guid>http://money.cnn.com/2009/02/05/markets/oil/index.htm</guid><description>Oil settled nearly a dollar higher Thursday after investors digested several economic reports and weighed the possibility of another OPEC production cut announcement in March.</description><pubDate>Thu, 05 Feb 2009 20:26:00 EST</pubDate></item><item><title>Oil edges lower</title><link>http://money.cnn.com/2009/02/04/markets/oil/index.htm</link><guid>http://money.cnn.com/2009/02/04/markets/oil/index.htm</guid><description>Oil prices turned lower Wednesday, as a bigger-than-expected increase in the nation's crude supply offset indications of further OPEC production cuts.</description><pubDate>Wed, 04 Feb 2009 20:05:00 EST</pubDate></item><item><title>Oil rises as OPEC cuts production</title><link>http://money.cnn.com/2009/02/03/markets/oil/index.htm</link><guid>http://money.cnn.com/2009/02/03/markets/oil/index.htm</guid><description>Oil prices rose Tuesday as signs of OPEC production cuts began to emerge. But gains were tempered as the group fell short of its pledge and the economy continued to show weakness.</description><pubDate>Tue, 03 Feb 2009 20:36:00 EST</pubDate></item><item><title>Oil falls to 3-week low</title><link>http://money.cnn.com/2009/01/15/markets/oil/index.htm</link><guid>http://money.cnn.com/2009/01/15/markets/oil/index.htm</guid><description>Oil prices fell nearly $2 a barrel Thursday, to the lowest close since Christmas Eve, as global economic weakness and falling demand continued to weigh on the market.</description><pubDate>Thu, 15 Jan 2009 20:10:00 EST</pubDate></item><item><title>Oil slumps 8% on demand woes</title><link>http://money.cnn.com/2009/01/12/markets/oil/index.htm</link><guid>http://money.cnn.com/2009/01/12/markets/oil/index.htm</guid><description>The price of oil fell Monday as investors remained focused on last week's bad economic news and bet that demand for petroleum products will continue to decline.</description><pubDate>Mon, 12 Jan 2009 19:52:00 EST</pubDate></item><item><title>Oil falls after jobs report</title><link>http://money.cnn.com/2009/01/09/markets/oil/index.htm</link><guid>http://money.cnn.com/2009/01/09/markets/oil/index.htm</guid><description>Oil prices fell Friday after a government report showing significant job losses added to concerns about weaker demand in an ailing economy.</description><pubDate>Fri, 09 Jan 2009 19:55:00 EST</pubDate></item><item><title>Oil bounces back above $37</title><link>http://money.cnn.com/2008/12/26/markets/oil/index.htm</link><guid>http://money.cnn.com/2008/12/26/markets/oil/index.htm</guid><description>Oil prices rose back above $37 a barrel Friday after OPEC member United Arab Emirates detailed how it would cut production as part of the trade group's pledge to reduce output by 2.2 million barrels a day in January.</description><pubDate>Fri, 26 Dec 2008 19:54:00 EST</pubDate></item><item><title>Oil settles below $34</title><link>http://money.cnn.com/2008/12/19/markets/oil/index.htm</link><guid>http://money.cnn.com/2008/12/19/markets/oil/index.htm</guid><description>Oil prices fell sharply Friday, on the last day of the January contract, as the global economic slowdown continues to clamp down on demand.</description><pubDate>Fri, 19 Dec 2008 20:16:00 EST</pubDate></item><item><title>U.S. expects big drop in oil imports</title><link>http://money.cnn.com/2008/12/17/news/economy/oil_eia_outlook/index.htm</link><guid>http://money.cnn.com/2008/12/17/news/economy/oil_eia_outlook/index.htm</guid><description>Despite the recent rout in oil prices, the government expects crude to shoot back up over the long term. That is expected to result in a drastic drop in oil imports and a greater use of renewable energy.</description><pubDate>Wed, 17 Dec 2008 21:32:00 EST</pubDate></item><item><title>Oil sinks to 4 1/2-year low after OPEC cut</title><link>http://money.cnn.com/2008/12/17/markets/oil/index.htm</link><guid>http://money.cnn.com/2008/12/17/markets/oil/index.htm</guid><description>The Organization of Petroleum Exporting Countries, in a bold but not unexpected move to prop up falling oil prices, said Wednesday that it would cut production by 2.2 million barrels a day starting next month. The cut is the largest ever announced by OPEC.</description><pubDate>Wed, 17 Dec 2008 20:05:00 EST</pubDate></item><item><title>Oil falls after touching $50 a barrel</title><link>http://money.cnn.com/2008/12/15/markets/oil/index.htm</link><guid>http://money.cnn.com/2008/12/15/markets/oil/index.htm</guid><description>Oil prices retreated after briefly topping $50 a barrel Monday as concerns about the economy overshadowed a possible production cut from the Organization of Petroleum Exporting Countries.</description><pubDate>Mon, 15 Dec 2008 19:48:00 EST</pubDate></item><item><title>Oil prices fall below $43</title><link>http://money.cnn.com/2008/12/09/markets/oil/index.htm</link><guid>http://money.cnn.com/2008/12/09/markets/oil/index.htm</guid><description>Oil prices broke lower Tuesday, after rallying nearly $3 a barrel the day before, as investors worried that a possible OPEC production cut next week may not be enough to sustain prices during the global economic downturn.</description><pubDate>Tue, 09 Dec 2008 20:15:00 EST</pubDate></item><item><title>Oil drops below $50</title><link>http://money.cnn.com/2008/12/01/markets/oil/index.htm</link><guid>http://money.cnn.com/2008/12/01/markets/oil/index.htm</guid><description>Oil prices fell back below $50 a barrel Monday, to its lowest level in more than 3-1/2 years, after OPEC said it would wait until its next scheduled meeting in mid-December to consider further production cuts designed to stabilize prices.</description><pubDate>Mon, 01 Dec 2008 20:13:00 EST</pubDate></item><item><title>Oil back to $50 as economic woes persist</title><link>http://money.cnn.com/2008/11/25/markets/oil/index.htm</link><guid>http://money.cnn.com/2008/11/25/markets/oil/index.htm</guid><description>The price of oil fell Tuesday, after a big rally in the previous session, as investors looked past the government's latest economic intervention to focus on the long-term economic outlook and waning energy demand.</description><pubDate>Tue, 25 Nov 2008 19:49:00 EST</pubDate></item><item><title>Oil settles above $54 a barrel</title><link>http://money.cnn.com/2008/11/24/markets/oil/index.htm</link><guid>http://money.cnn.com/2008/11/24/markets/oil/index.htm</guid><description>The price of oil surged Monday as investors cheered the federal government's massive rescue package for banking giant Citigroup.</description><pubDate>Mon, 24 Nov 2008 19:53:00 EST</pubDate></item><item><title>Oil prices fall on demand jitters</title><link>http://money.cnn.com/2008/11/14/markets/oil/index.htm</link><guid>http://money.cnn.com/2008/11/14/markets/oil/index.htm</guid><description>Oil prices fell Friday as investors took cues from from the selloff in stocks as an indicator of weak global demand for energy.</description><pubDate>Fri, 14 Nov 2008 19:58:00 EST</pubDate></item><item><title>Oil falls to 17-month low</title><link>http://money.cnn.com/2008/10/27/markets/oilprices/index.htm</link><guid>http://money.cnn.com/2008/10/27/markets/oilprices/index.htm</guid><description>The price of oil settled at its lowest level since May 29, 2007 Monday as investors worried that the global economy may not be able to sustain demand for fuel as world markets tumbled.</description><pubDate>Mon, 27 Oct 2008 19:57:00 EDT</pubDate></item><item><title>Oil sinks to 17-month low</title><link>http://money.cnn.com/2008/10/27/markets/oil/index.htm</link><guid>http://money.cnn.com/2008/10/27/markets/oil/index.htm</guid><description>Growing evidence of a severe global economic slowdown drove oil prices to below $62 a barrel Monday to 17-month lows, as investors brushed off a sizable OPEC output cut.</description><pubDate>Mon, 27 Oct 2008 12:16:00 EDT</pubDate></item><item><title>OPEC cuts production, oil hits 17-month low</title><link>http://money.cnn.com/2008/10/24/markets/oil/index.htm</link><guid>http://money.cnn.com/2008/10/24/markets/oil/index.htm</guid><description>Oil prices fell Friday to their lowest point since May 2007 as investors were unimpressed by a decision from the world's largest oil cartel to slash production targets.</description><pubDate>Fri, 24 Oct 2008 19:00:00 EDT</pubDate></item><item><title>Oil rises on expected OPEC cut</title><link>http://money.cnn.com/2008/10/23/markets/oil/index.htm</link><guid>http://money.cnn.com/2008/10/23/markets/oil/index.htm</guid><description>Oil prices rebounded from a 16-month low Thursday as many investors anticipated a large production cut from OPEC at its emergency to deal with falling demand in the slowing economy.</description><pubDate>Thu, 23 Oct 2008 18:46:00 EDT</pubDate></item><item><title>OPEC's tough fight: Cheap oil</title><link>http://money.cnn.com/2008/10/22/news/international/opec_production/index.htm</link><guid>http://money.cnn.com/2008/10/22/news/international/opec_production/index.htm</guid><description>When the Organization of Petroleum Exporting Countries meets at its Vienna headquarters on Friday it will be reminded of just how slippery the price of oil can be, and how little control the cartel has over its price.</description><pubDate>Wed, 22 Oct 2008 20:45:00 EDT</pubDate></item><item><title>OPEC Wants You to Pay More for Gas</title><link>http://www.time.com/time/business/article/0,8599,1852607,00.html?xid=feed-cnn-topics</link><guid>http://www.time.com/time/business/article/0,8599,1852607,00.html?xid=feed-cnn-topics</guid><description>Fearing that falling prices will cause domestic upheaval, oil producing nations plan to cut their output</description><pubDate>Wed, 22 Oct 2008 08:55:00 EDT</pubDate></item><item><title>Oil dips below $70 a barrel</title><link>http://money.cnn.com/2008/10/21/markets/oil/index.htm</link><guid>http://money.cnn.com/2008/10/21/markets/oil/index.htm</guid><description>Oil prices fell Tuesday, briefly sliding below the $70-a-barrel mark, as talk of falling demand continues to weigh on the markets.</description><pubDate>Tue, 21 Oct 2008 18:52:00 EDT</pubDate></item><item><title>Oil rises on OPEC rhetoric</title><link>http://money.cnn.com/2008/10/20/markets/oil/index.htm</link><guid>http://money.cnn.com/2008/10/20/markets/oil/index.htm</guid><description>The price of oil rose Monday as investors weighed a potential OPEC supply cut against longer-term concerns about weakening demand.</description><pubDate>Mon, 20 Oct 2008 18:51:00 EDT</pubDate></item><item><title>Gas still below $3 a gallon</title><link>http://money.cnn.com/2008/10/19/news/economy/gas_prices_aaa/index.htm</link><guid>http://money.cnn.com/2008/10/19/news/economy/gas_prices_aaa/index.htm</guid><description>Gas prices continued their decline one day after falling below $3 a gallon for the first time in nearly nine months, according to a daily survey of credit card swipes released Sunday.</description><pubDate>Mon, 20 Oct 2008 12:03:00 EDT</pubDate></item><item><title>CNN Student News One-Sheet: Gas Prices</title><link>http://www.cnn.com/2008/LIVING/studentnews/04/23/sn.one.sheet.gas.prices/index.html#cnnSTCText</link><guid>http://www.cnn.com/2008/LIVING/studentnews/04/23/sn.one.sheet.gas.prices/index.html#cnnSTCText</guid><description>The price that your parents pay to fill up the family car is rising. Ever stop to think about what's behind the price at the pump? Here's a look at where the money goes when you buy a gallon of regular gasoline. (The percentages cited below, which are from the Energy Information Administration, may vary by month. This data is as of August 2008.)</description><pubDate>Thu, 16 Oct 2008 21:32:00 EDT</pubDate></item><item><title>Stocks struggle after rally</title><link>http://money.cnn.com/2008/09/09/markets/stockswatch/index.htm</link><guid>http://money.cnn.com/2008/09/09/markets/stockswatch/index.htm</guid><description>Stocks struggled Tuesday morning, as investors were cautious after the previous session's advance on relief about the government's housing rescue plan.</description><pubDate>Wed, 10 Sep 2008 12:27:00 EDT</pubDate></item><item><title>Oil ends at 5-month low on OPEC talk</title><link>http://money.cnn.com/2008/09/09/markets/oil/index.htm</link><guid>http://money.cnn.com/2008/09/09/markets/oil/index.htm</guid><description>Oil prices fell Tuesday, as investors believed OPEC will keep production at current levels, and as Hurricane Ike lost strength over Cuba.</description><pubDate>Wed, 10 Sep 2008 12:26:00 EDT</pubDate></item><item><title>Saudis hint at no change in OPEC production</title><link>http://money.cnn.com/2008/09/09/news/international/opec_production/index.htm</link><guid>http://money.cnn.com/2008/09/09/news/international/opec_production/index.htm</guid><description>Comments by OPEC powerhouse Saudi Arabia suggested Tuesday that the 13-nation cartel would likely keep crude production steady, despite plunging oil prices.</description><pubDate>Wed, 10 Sep 2008 11:52:00 EDT</pubDate></item><item><title>Oil Rises on OPEC Production Curb</title><link>http://www.time.com/time/business/article/0,8599,1840156,00.html?xid=feed-cnn-topics</link><guid>http://www.time.com/time/business/article/0,8599,1840156,00.html?xid=feed-cnn-topics</guid><description>OPEC oil ministers agreed to trim overall output by more than 500,000 barrels a day in a compromise meant to avoid new turmoil in crude markets while seeking to bolster falling prices</description><pubDate>Wed, 10 Sep 2008 11:00:00 EDT</pubDate></item><item><title>Oil ends at 3-1/2 month low</title><link>http://money.cnn.com/2008/08/18/markets/oil/index.htm</link><guid>http://money.cnn.com/2008/08/18/markets/oil/index.htm</guid><description>Oil prices lost nearly $1 Monday, finishing at its lowest point in more than 3-1/2 months, as concerns about falling demand outweighed a weaker dollar.</description><pubDate>Mon, 18 Aug 2008 21:20:00 EDT</pubDate></item><item><title>Oil Falls to $111 on Stronger Dollar</title><link>http://www.time.com/time/business/article/0,8599,1833245,00.html?xid=feed-cnn-topics</link><guid>http://www.time.com/time/business/article/0,8599,1833245,00.html?xid=feed-cnn-topics</guid><description>Oil fell to its lowest price in three months Friday, briefly touching the $111 level after the dollar muscled higher and OPEC predicted the world's thirst for fuel next year will fall to its lowest point since 2002</description><pubDate>Fri, 15 Aug 2008 18:00:00 EDT</pubDate></item><item><title>Oil price forecast for '09 gets a trim</title><link>http://money.cnn.com/2008/08/12/news/economy/EIA_energy_outlook/index.htm</link><guid>http://money.cnn.com/2008/08/12/news/economy/EIA_energy_outlook/index.htm</guid><description>Oil prices could be lower than previously expected next year, but the outlook for home heating oil and natural gas signals more pain this winter, according to a government report released Tuesday.</description><pubDate>Thu, 14 Aug 2008 18:01:00 EDT</pubDate></item><item><title>OPEC's empty toolkit</title><link>http://money.cnn.com/2008/07/15/news/economy/okeefe_oil.fortune/index.htm</link><guid>http://money.cnn.com/2008/07/15/news/economy/okeefe_oil.fortune/index.htm</guid><description>The leaders of OPEC have a long list of culprits for high oil prices: the falling dollar, U.S.-Iranian tensions, and shady speculators.</description><pubDate>Wed, 16 Jul 2008 08:22:00 EDT</pubDate></item><item><title>Oil touches record but ends lower</title><link>http://money.cnn.com/2008/06/30/news/economy/gas/index.htm</link><guid>http://money.cnn.com/2008/06/30/news/economy/gas/index.htm</guid><description>Retail gas prices and crude oil futures reached record highs Monday amid a backdrop of Mideast tensions and dollar concerns, but crude ended the day lower.</description><pubDate>Mon, 30 Jun 2008 19:02:00 EDT</pubDate></item><item><title>Oil hits $140 for the first time</title><link>http://money.cnn.com/2008/06/26/markets/oil/index.htm</link><guid>http://money.cnn.com/2008/06/26/markets/oil/index.htm</guid><description>Oil reached $140 a barrel for the first time ever Thursday following reports that Libya may cut production and an OPEC official said crude could hit $170 a barrel this summer.</description><pubDate>Thu, 26 Jun 2008 19:41:00 EDT</pubDate></item><item><title>Oil tumbles for second straight day</title><link>http://money.cnn.com/2008/06/10/news/economy/gas/index.htm</link><guid>http://money.cnn.com/2008/06/10/news/economy/gas/index.htm</guid><description>Crude prices lost more than $3 a barrel 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.</description><pubDate>Tue, 10 Jun 2008 19:01:00 EDT</pubDate></item><item><title>OPEC: Oil Prices Not Our Fault</title><link>http://www.time.com/time/world/article/0,8599,1811009,00.html?xid=feed-cnn-topics</link><guid>http://www.time.com/time/world/article/0,8599,1811009,00.html?xid=feed-cnn-topics</guid><description>Algerian Energy Minister Chakib Khelil told reporters the cartel will make no new decision on production levels until Sept. 9</description><pubDate>Sun, 01 Jun 2008 17:00:00 EDT</pubDate></item><item><title>Fed could burst oil's bubble</title><link>http://money.cnn.com/2008/04/29/news/economy/oil_dollar/index.htm</link><guid>http://money.cnn.com/2008/04/29/news/economy/oil_dollar/index.htm</guid><description>Crude oil prices and the value of the dollar have been marching in different directions for months. But that may shift if the Federal Reserve signals on Wednesday that its rate-cutting campaign has come to a close.</description><pubDate>Tue, 29 Apr 2008 15:34:00 EDT</pubDate></item><item><title>OPEC: Gas Prices Will Stay High</title><link>http://www.time.com/time/world/article/0,8599,1730117,00.html?xid=feed-cnn-topics</link><guid>http://www.time.com/time/world/article/0,8599,1730117,00.html?xid=feed-cnn-topics</guid><description>They may not agree on the causes of the problem, but oil companies and OPEC agree that prices won't come down for the foreseeable future
</description><pubDate>Fri, 11 Apr 2008 16:00:00 EDT</pubDate></item><item><title>Why OPEC Won't Boost Oil Supplies</title><link>http://www.time.com/time/world/article/0,8599,1722397,00.html?xid=feed-cnn-topics</link><guid>http://www.time.com/time/world/article/0,8599,1722397,00.html?xid=feed-cnn-topics</guid><description>Washington warns that skyrocketing prices threaten a global recession that will hurt oil producers, but their capacity to boost supply to meet rising demand may be limited</description><pubDate>Fri, 14 Mar 2008 01:50:00 EDT</pubDate></item><item><title>Oil Prices Spike to Record $105.10</title><link>http://www.time.com/time/business/article/0,8599,1719924,00.html?xid=feed-cnn-topics</link><guid>http://www.time.com/time/business/article/0,8599,1719924,00.html?xid=feed-cnn-topics</guid><description>Oil prices hit a record $105.10 a barrel Thursday, a day after a surprise drop in U.S. crude supplies and a decision by OPEC not to boost production</description><pubDate>Thu, 06 Mar 2008 12:00:00 EST</pubDate></item><item><title>Oil nears $105 for the first time</title><link>http://money.cnn.com/2008/03/05/markets/oil_eia/index.htm</link><guid>http://money.cnn.com/2008/03/05/markets/oil_eia/index.htm</guid><description>Oil prices neared $105 a barrel Wednesday for the first time ever after a government report showed a surprise dip in crude supplies and OPEC announced its decision to not increase production.</description><pubDate>Wed, 05 Mar 2008 20:10:00 EST</pubDate></item><item><title>Brazil dances with OPEC</title><link>http://money.cnn.com/2008/02/22/news/international/brazil_opec/index.htm</link><guid>http://money.cnn.com/2008/02/22/news/international/brazil_opec/index.htm</guid><description>OPEC, the 13-nation cartel that has a huge influence over oil prices, may be expanding farther into South America.</description><pubDate>Fri, 22 Feb 2008 23:23:00 EST</pubDate></item><item><title>Oil prices: OPEC's high wire act</title><link>http://money.cnn.com/2008/01/25/news/international/opec/index.htm</link><guid>http://money.cnn.com/2008/01/25/news/international/opec/index.htm</guid><description>High oil prices are a drag on the economy, but OPEC isn't likely to raise production at its special meeting next week. But experts say the cartel is on track to meet worldwide demand - and keep prices from rising further - in the long run.</description><pubDate>Fri, 25 Jan 2008 20:32:00 EST</pubDate></item><item><title>$100 oil and the 'S' word</title><link>http://money.cnn.com/2007/11/27/markets/oil_speculation/index.htm</link><guid>http://money.cnn.com/2007/11/27/markets/oil_speculation/index.htm</guid><description>Greed is driving oil prices to $100 a barrel.</description><pubDate>Wed, 02 Jan 2008 17:51:00 EST</pubDate></item><item><title>Oil slips despite supply drop, no OPEC hike</title><link>http://money.cnn.com/2007/12/05/markets/oil_eia/index.htm</link><guid>http://money.cnn.com/2007/12/05/markets/oil_eia/index.htm</guid><description>Oil prices ended lower Wednesday, as traders brushed off a big decline in crude stocks that were attributed to bad weather and OPEC nixed a production increase that traders said was all but meaningless.</description><pubDate>Wed, 05 Dec 2007 20:52:00 EST</pubDate></item><item><title>Saudis may supply more oil on sly</title><link>http://money.cnn.com/2007/12/05/news/international/opec/index.htm</link><guid>http://money.cnn.com/2007/12/05/news/international/opec/index.htm</guid><description>Despite OPEC's rather surprise decision Wednesday to not raise production in the face of $100 oil, experts say one big oil heavyweight will likely slip more crude to an energy-thirsty world.</description><pubDate>Wed, 05 Dec 2007 17:17:00 EST</pubDate></item><item><title>Oil prices soar as OPEC stands pat on output</title><link>http://money.cnn.com/2007/12/05/markets/oil/index.htm</link><guid>http://money.cnn.com/2007/12/05/markets/oil/index.htm</guid><description>OPEC dashed hopes that it would step up production at its meeting Wednesday, news that sent oil prices shooting back towards the $90 a barrel mark in early trading.</description><pubDate>Wed, 05 Dec 2007 12:47:00 EST</pubDate></item><item><title>Saudis may bigfoot OPEC and hike output</title><link>http://money.cnn.com/2007/12/04/news/international/opec/index.htm</link><guid>http://money.cnn.com/2007/12/04/news/international/opec/index.htm</guid><description>OPEC may not officially boost output at the conclusion of its meeting Wednesday in Abu Dhabi, but that doesn't mean the world won't get its oil.</description><pubDate>Tue, 04 Dec 2007 20:13:00 EST</pubDate></item><item><title>Oil prices tank nearly $4</title><link>http://money.cnn.com/2007/11/28/markets/oil_eia/index.htm</link><guid>http://money.cnn.com/2007/11/28/markets/oil_eia/index.htm</guid><description>Oil prices fell nearly $4 Wednesday, adding to steep losses Tuesday, on a healthier-than-expected U.S. inventory report and speculation OPEC will boost production.</description><pubDate>Wed, 28 Nov 2007 21:17:00 EST</pubDate></item><item><title>Oil slips on possible supply increase</title><link>http://money.cnn.com/2007/11/27/markets/oil/index.htm</link><guid>http://money.cnn.com/2007/11/27/markets/oil/index.htm</guid><description>Oil prices fell Tuesday on growing expectations that OPEC ministers will agree to raise crude production during a meeting next week.</description><pubDate>Tue, 27 Nov 2007 11:03:00 EST</pubDate></item><item><title>Crude retreats after last week's rally</title><link>http://money.cnn.com/2007/11/12/markets/oil/index.htm</link><guid>http://money.cnn.com/2007/11/12/markets/oil/index.htm</guid><description>Oil prices fell over $2 Monday, retreating further from the $100 mark, after a minister from the Organization of Petroleum Exporting Countries indicated the cartel may increase production.</description><pubDate>Mon, 12 Nov 2007 21:12:00 EST</pubDate></item><item><title>Oil hits new record over $90</title><link>http://money.cnn.com/2007/10/25/markets/oil_record/index.htm</link><guid>http://money.cnn.com/2007/10/25/markets/oil_record/index.htm</guid><description>Oil prices hit a record high Thursday of more than $90 a barrel after reports indicated that the Organization of Petroleum Exporting Countries has no plans to increase production.</description><pubDate>Thu, 25 Oct 2007 20:22:00 EDT</pubDate></item><item><title>Think oil can't go higher? Think again</title><link>http://money.cnn.com/2007/10/09/markets/oil_goldmansachs.fortune/index.htm</link><guid>http://money.cnn.com/2007/10/09/markets/oil_goldmansachs.fortune/index.htm</guid><description>Crude oil prices hit a series of record highs in the past month, topping $83 a barrel - and that was after OPEC announced it would increase production by 500,000 barrels a day. The sharp spike went against post-Labor Day tradition, when the end of a gas-guzzling summer usually brings lower prices, and refineries head into their fall maintenance schedule.</description><pubDate>Wed, 10 Oct 2007 09:45:00 EDT</pubDate></item><item><title>Oil hits new high above $81 a barrel</title><link>http://money.cnn.com/2007/09/18/markets/bc.apfn.as.fin.mkt.oilp.ap/index.htm</link><guid>http://money.cnn.com/2007/09/18/markets/bc.apfn.as.fin.mkt.oilp.ap/index.htm</guid><description>Oil futures retreated from record highs set overnight as traders awaited the Federal Reserve's decision on interest rates and the government's report on crude oil and gasoline inventories.</description><pubDate>Tue, 18 Sep 2007 03:24:00 EDT</pubDate></item><item><title>OPEC expects big growth in demand</title><link>http://money.cnn.com/2007/09/14/markets/opec_demand.ap/index.htm</link><guid>http://money.cnn.com/2007/09/14/markets/opec_demand.ap/index.htm</guid><description>In a monthly oil market report released Friday, the Organization of Petroleum Exporting Countries (OPEC) left its outlook for world oil demand growth this year largely unchanged at 1.3 million barrels per day or 1.5 percent above last year.</description><pubDate>Fri, 14 Sep 2007 04:17:00 EDT</pubDate></item><item><title>OPEC agrees to boost oil output</title><link>http://money.cnn.com/2007/09/11/news/international/opec.ap/index.htm</link><guid>http://money.cnn.com/2007/09/11/news/international/opec.ap/index.htm</guid><description>OPEC agreed late Tuesday to boost its crude output by 500,000 barrels a day in an effort to calm markets roiled by high oil prices and worried that supplies could grow tight by the end of the year.</description><pubDate>Thu, 13 Sep 2007 09:25:00 EDT</pubDate></item><item><title>Oil tops $80 a barrel, an all-time high</title><link>http://money.cnn.com/2007/09/12/markets/oil_record/index.htm</link><guid>http://money.cnn.com/2007/09/12/markets/oil_record/index.htm</guid><description>Oil prices hit a fresh intraday record high Wednesday, passing $80 a barrel for the first time ever, after the government said supplies of crude oil fell far more than expected.</description><pubDate>Wed, 12 Sep 2007 09:22:00 EDT</pubDate></item><item><title>Oil surges to new all-time high</title><link>http://money.cnn.com/2007/09/12/markets/oil.ap/index.htm</link><guid>http://money.cnn.com/2007/09/12/markets/oil.ap/index.htm</guid><description>Oil prices surged to a new all-time intraday high Wednesday after finishing at a record close in the previous session on supply worries.</description><pubDate>Wed, 12 Sep 2007 02:08:00 EDT</pubDate></item><item><title>OPEC mulls modest production increase</title><link>http://money.cnn.com/2007/09/11/news/international/bc.apfn.eu.fin.opecmeet.ap/index.htm</link><guid>http://money.cnn.com/2007/09/11/news/international/bc.apfn.eu.fin.opecmeet.ap/index.htm</guid><description>OPEC was deciding Tuesday whether to maintain its production quota or give it a modest and symbolic boost to calm oil markets worried that there may not be enough crude to meet global demand by year's end.</description><pubDate>Tue, 11 Sep 2007 09:54:00 EDT</pubDate></item><item><title>Oil prices hit all-time high</title><link>http://money.cnn.com/2007/09/11/markets/bc.apfn.eu.fin.mkt.oilp.ap/index.htm</link><guid>http://money.cnn.com/2007/09/11/markets/bc.apfn.eu.fin.mkt.oilp.ap/index.htm</guid><description>Oil prices rose to a new record settlement price Tuesday as traders turned their attention to Wednesday's government inventory report expected to show tight supplies and shrugged off OPEC's decision to boost output.</description><pubDate>Tue, 11 Sep 2007 07:52:00 EDT</pubDate></item><item><title>OPEC members: Plenty of oil to go around</title><link>http://money.cnn.com/2007/09/10/news/international/bc.apfn.eu.fin.opecmeet.ap/index.htm</link><guid>http://money.cnn.com/2007/09/10/news/international/bc.apfn.eu.fin.opecmeet.ap/index.htm</guid><description>Iran's acting oil minister said Monday he's convinced there are ample supplies of crude on world markets, joining Kuwait and Libya in signaling that OPEC will maintain its current output targets at this week's meeting.</description><pubDate>Mon, 10 Sep 2007 10:17:00 EDT</pubDate></item><item><title>Oil climbs above $77 on OPEC speculation</title><link>http://money.cnn.com/2007/09/10/markets/bc.apfn.as.fin.mkt.oilp.ap/index.htm</link><guid>http://money.cnn.com/2007/09/10/markets/bc.apfn.as.fin.mkt.oilp.ap/index.htm</guid><description>Oil futures climbed in a late-session rally Monday as investors adjusted their holdings ahead of OPEC's Tuesday production-setting meeting.</description><pubDate>Mon, 10 Sep 2007 08:01:00 EDT</pubDate></item><item><title>OPEC unlikely to cut oil production</title><link>http://money.cnn.com/2007/09/09/news/economy/opec_production.ap/index.htm</link><guid>http://money.cnn.com/2007/09/09/news/economy/opec_production.ap/index.htm</guid><description>OPEC is almost certain to maintain its current production target this week - but analysts say the cartel could be forced into action if rising crude oil prices start having a chilling effect on the global economy.</description><pubDate>Sun, 09 Sep 2007 08:57:00 EDT</pubDate></item><item><title>Oil climbs on supply concerns</title><link>http://money.cnn.com/2007/09/07/markets/bc.apfn.oilprices.ap/index.htm</link><guid>http://money.cnn.com/2007/09/07/markets/bc.apfn.oilprices.ap/index.htm</guid><description>Oil and gasoline futures rose Friday, supported by concerns about tight supplies and expectations OPEC will keep output steady at a long-awaited meeting next week.</description><pubDate>Fri, 07 Sep 2007 07:51:00 EDT</pubDate></item><item><title>Oil moves off highs on inventory report</title><link>http://money.cnn.com/2007/09/06/markets/oil_eia/index.htm</link><guid>http://money.cnn.com/2007/09/06/markets/oil_eia/index.htm</guid><description>Oil prices moved off their highs Thursday after the government reported a big rise in refining activity and a gain in the raw material for making heating fuel.</description><pubDate>Thu, 06 Sep 2007 03:28:00 EDT</pubDate></item><item><title>Oil up on hurricane worries, OPEC may hold production</title><link>http://money.cnn.com/2007/09/04/markets/bc.apfn.oilprices.ap/index.htm</link><guid>http://money.cnn.com/2007/09/04/markets/bc.apfn.oilprices.ap/index.htm</guid><description>Oil and gas futures rose Tuesday on expectations the hurricane season will intensify and that OPEC won't boost production when it meets next week.</description><pubDate>Tue, 04 Sep 2007 08:41:00 EDT</pubDate></item><item><title>CNN Student News One-Sheet: Gas Prices</title><link>http://www.cnn.com/2007/LIVING/studentnews/08/23/sn.one.sheet.gas.prices/index.html#cnnSTCText</link><guid>http://www.cnn.com/2007/LIVING/studentnews/08/23/sn.one.sheet.gas.prices/index.html#cnnSTCText</guid><description>The price that your parents pay to fill up the family car is rising. Ever stop to think about what's behind the price at the pump? Here's a look at where the money goes when you buy a gallon of regular gasoline. (The percentages cited below, which are from the Energy Information Administration, may vary by month. This data is as of July 2007.)</description><pubDate>Mon, 03 Sep 2007 08:24:00 EDT</pubDate></item><item><title>Oil jumps as supplies fall</title><link>http://money.cnn.com/2007/08/29/markets/oil_eia/index.htm</link><guid>http://money.cnn.com/2007/08/29/markets/oil_eia/index.htm</guid><description>Oil prices extended early gains Wednesday after a government report showing drops in crude and gasoline supplies overshadowed fears of a slowing economy.</description><pubDate>Wed, 29 Aug 2007 07:24:00 EDT</pubDate></item><item><title>OPEC says subprime may cut oil demand</title><link>http://money.cnn.com/2007/08/14/news/international/bc.opec.outlook.reut/index.htm</link><guid>http://money.cnn.com/2007/08/14/news/international/bc.opec.outlook.reut/index.htm</guid><description>OPEC warned Tuesday that a slowing U.S. economy and fallout from the subprime mortgage crisis could cut oil consumption in the rest of 2007.</description><pubDate>Tue, 14 Aug 2007 11:39:00 EDT</pubDate></item><item><title>Oil pushes up near $77</title><link>http://money.cnn.com/2007/08/02/markets/bc.markets.oil.reut/index.htm</link><guid>http://money.cnn.com/2007/08/02/markets/bc.markets.oil.reut/index.htm</guid><description>Oil rose near an all-time high Thursday as OPEC officials said the producer group would not hike output, despite concerns of a supply shortfall.</description><pubDate>Thu, 02 Aug 2007 07:40:00 EDT</pubDate></item><item><title>Oil dances under record high</title><link>http://money.cnn.com/2007/07/31/markets/bc.markets.oil.reut/index.htm</link><guid>http://money.cnn.com/2007/07/31/markets/bc.markets.oil.reut/index.htm</guid><description>Oil surged more than $1 a barrel on Tuesday before falling back below $78, on expectations of falling U.S. crude inventories and a recovery in global stock markets.</description><pubDate>Tue, 31 Jul 2007 05:38:00 EDT</pubDate></item><item><title>OPEC chief: Oil $7 over value</title><link>http://money.cnn.com/2007/07/30/news/international/bc.opec.badri.reut/index.htm</link><guid>http://money.cnn.com/2007/07/30/news/international/bc.opec.badri.reut/index.htm</guid><description>Current oil prices are inflated by around $7 per barrel because of concerns about supply security, OPEC's Secretary-General Abdullah al-Badri was reported as saying in a newspaper interview on Monday.</description><pubDate>Mon, 30 Jul 2007 11:15:00 EDT</pubDate></item><item><title>Oil dips; inventories awaited</title><link>http://money.cnn.com/2007/07/25/markets/bc.markets.oil.reut/index.htm</link><guid>http://money.cnn.com/2007/07/25/markets/bc.markets.oil.reut/index.htm</guid><description>Oil prices slipped for a fourth day on Wednesday on forecasts of higher refinery production in the United States that would ease worries over fuel supplies during peak summer demand.</description><pubDate>Wed, 25 Jul 2007 12:05:00 EDT</pubDate></item><item><title>Oil tumbles over $1 on OPEC assurances</title><link>http://money.cnn.com/2007/07/24/markets/bc.markets.oil.reut/index.htm</link><guid>http://money.cnn.com/2007/07/24/markets/bc.markets.oil.reut/index.htm</guid><description>Oil fell over $1 a barrel Tuesday after further assurances from OPEC that it would pump more crude if needed and expectations of higher U.S. fuel stockpiles.</description><pubDate>Tue, 24 Jul 2007 07:46:00 EDT</pubDate></item><item><title>Crude tumbles on OPEC comments</title><link>http://money.cnn.com/2007/07/23/markets/bc.markets.oil.reut/index.htm</link><guid>http://money.cnn.com/2007/07/23/markets/bc.markets.oil.reut/index.htm</guid><description>Oil fell below $75 a barrel Monday as some funds booked profits after OPEC expressed concern about near-record prices and pledged to pump more crude if needed.</description><pubDate>Mon, 23 Jul 2007 07:36:00 EDT</pubDate></item><item><title>OPEC official: $60 - $65 oil is 'appropriate'</title><link>http://money.cnn.com/2007/07/22/news/economy/opec.reut/index.htm</link><guid>http://money.cnn.com/2007/07/22/news/economy/opec.reut/index.htm</guid><description>A fair price for both oil producers and consumers for a barrel of oil would be around $60 to $65 a barrel, a Kuwaiti state oil newsletter quoted the head of OPEC's research division as saying.</description><pubDate>Sun, 22 Jul 2007 01:55:00 EDT</pubDate></item><item><title>OPEC sees slowing oil demand</title><link>http://money.cnn.com/2007/07/16/news/international/bc.opec.forecast.reut/index.htm</link><guid>http://money.cnn.com/2007/07/16/news/international/bc.opec.forecast.reut/index.htm</guid><description>OPEC said on Monday that world oil demand in 2008 will grow moderately while supply from rival producers will expand, reducing the need for crude from the exporter group.</description><pubDate>Mon, 16 Jul 2007 03:16:00 EDT</pubDate></item><item><title>Saudi leader: Don't blame us for high prices</title><link>http://money.cnn.com/2007/07/11/news/international/bc.saudi.opec.reut/index.htm</link><guid>http://money.cnn.com/2007/07/11/news/international/bc.saudi.opec.reut/index.htm</guid><description>Near-record oil prices are unrelated to supply and demand and none of Saudi Arabia's customers is asking for more crude, the kingdom's Oil Minister Ali al-Naimi said on Wednesday.</description><pubDate>Wed, 11 Jul 2007 12:07:00 EDT</pubDate></item><item><title>Energy chief: OPEC's hands tied</title><link>http://money.cnn.com/2007/07/09/news/international/bc.opec.algeria.reut/index.htm</link><guid>http://money.cnn.com/2007/07/09/news/international/bc.opec.algeria.reut/index.htm</guid><description>Algeria's Energy and Mines Minister Chakib Khelil said Monday there was "not much" OPEC could do to bring down high oil prices as global crude oil stocks were already sufficient.</description><pubDate>Mon, 09 Jul 2007 11:30:00 EDT</pubDate></item><item><title>Gas prices</title><link>http://www.cnn.com/2007/EDUCATION/05/14/extra.gas.prices/index.html</link><guid>http://www.cnn.com/2007/EDUCATION/05/14/extra.gas.prices/index.html</guid><description>The price that your parents pay to fill up the family car is rising. Ever stop to think about what's behind the price at the pump? Here's a look at where the money goes when you buy a gallon of regular gasoline. (The percentages cited below may vary by month. This data is as of April 2007.)</description><pubDate>Mon, 14 May 2007 20:12:00 EDT</pubDate></item><item><title>Oil sinks on mixed inventory report</title><link>http://money.cnn.com/2007/02/14/markets/oil_eia/index.htm</link><guid>http://money.cnn.com/2007/02/14/markets/oil_eia/index.htm</guid><description>Oil prices fell Wednesday after the government's inventory report showed a surprise drop in gasoline and crude supplies but a less than expected drawdown of distillates used to make heating oil.</description><pubDate>Wed, 14 Feb 2007 14:52:00 EST</pubDate></item><item><title>Oil falls following choppy trade</title><link>http://money.cnn.com/2007/02/07/markets/oil_eia/index.htm</link><guid>http://money.cnn.com/2007/02/07/markets/oil_eia/index.htm</guid><description>Oil prices fell Wednesday despite a government report that said supplies of heating oil fell more than expected and crude supplies showed a surprise drop.</description><pubDate>Wed, 07 Feb 2007 15:00:00 EST</pubDate></item><item><title>Oil hits $58 as cold weather bites</title><link>http://money.cnn.com/2007/01/31/markets/oil_eia/index.htm</link><guid>http://money.cnn.com/2007/01/31/markets/oil_eia/index.htm</guid><description>Oil prices hit $58 a barrel Wednesday, adding to Tuesday's big gain, as cold weather in the Northeast knocked down heating fuel supplies and OPEC geared up for another production cut.</description><pubDate>Wed, 31 Jan 2007 15:10:00 EST</pubDate></item><item><title>Oil: A short slide</title><link>http://money.cnn.com/2007/01/05/markets/oil_lookahead/index.htm</link><guid>http://money.cnn.com/2007/01/05/markets/oil_lookahead/index.htm</guid><description>After a two-day slide in oil prices totaling almost 9 percent, crude moved above the $56 level Friday, confirming predictions made earlier in the day that the selloff was nearly over - at least for now.</description><pubDate>Fri, 05 Jan 2007 15:59:00 EST</pubDate></item></channel></rss>