OPEC delays decision to cut oil production amid falling prices
Crude prices have been falling since October because major producers are pumping oil at high rates and due to fears that weaker economic growth could dampen energy demand.
AP fact check: Trump’s myths on oil prices, cold snaps
Here's a closer look at his recent rhetoric, covering the courts, midterm elections and the president's statements on global warming.
Watch 4:14
News Wrap: Shoppers flock to deals on lucrative Black Friday
In our news wrap Friday, Americans swarmed stores and scoured websites for the best Black Friday deals. The retail data firm ShopperTrak estimates today’s sales will hit $23 billion, up more than $2 billion from last year. Violence emerged amidst…
Column: Economy in tatters, Nigeria loses title as Africa’s largest economy
Since Nigeria’s central bank announced it would abandon its currency’s dollar peg, the naira has fallen 61 percent against the U.S. dollar.
Oil prices have been dropping since the industry’s boom in 2014, and with that decline comes economic uncertainty for oil towns like Dickinson, North Dakota. Over 180 rigs drilled at the nearby Bakken oil field two years ago; only 27…
Plummeting worldwide fuel prices have damaged several economies, but perhaps no country has been hit harder than Venezuela. Once flush with oil money, the nation now faces a collapsing economy, skyrocketing inflation and a wave of looting and crime driven…
Venezuela has the world’s largest reserves of oil, but with the price of oil in a free fall, the country’s economy is shrinking, and the South American nation of 30 million people is suffering. New York Times reporter Nicholas Casey,…
After a slump in global oil prices, Saudi Arabia’s monarchy is expected to announce a new vision for economic and political reform. Saudi Arabia is the world’s second largest oil producer behind the U.S. and is being forced to rethink…
Falling oil prices around the world are usually considered a good thing. But for countries whose economies depend on oil exports, the price drop means impending catastrophe. Scott Tong of Marketplace recently traveled to Venezuela, where 96 percent of all…
