OPEC bases its projection on stronger global economic growth for 2024, estimating it will rise by 2.8%, as compared to 2.6% for 2023. By contrast, the IEA projects global economic growth to be cut ...

Review & Outlook: Despite regular power shortages in California, on Sept. 16, 2022, Governor Gavin Newsom signed 40 new climate bills to amp up California’s green-energy shock experiment. Images ...

Gas prices have been weak lately, so OPEC's been holding back production. Brandon Bell/Getty Images Yet again, OPEC has postponed plans to increase oil production until at least the end of the year.

OPEC raised its estimate for medium- and long-term demand for oil, and suggested trillions of dollars in spending would be needed to keep up with that higher demand. ... Aldo Pavan / Getty Images.