On the Senate's legislative calendar this week is a bill to repeal tax incentives for oil companies, punish companies for reaping "windfall profits" and subject the Organization for Petroleum Exporting Countries to U.S. anti-trust law.

FORBES: Washington And Oil: First Do No Harm

On his second visit to the kingdom this year, the American leader met Saudi King Abdullah on Friday to renew his appeal for more oil from members of the Organization of Petroleum Exporting Countries to tame record oil prices.

FORBES: Magazine Article

The Organization of Petroleum Exporting Countries cut its global demand forecast for 2008 for the fourth time this year, saying that consumption would continue to slow in 2009.

FORBES: Magazine Article

The Organization of Petroleum Exporting Countries (OPEC) has slashed its global oil demand forecast for 2013 by about 20, 000 barrels a day to 89.57 million barrels a day.

FORBES: Crude Oil Wants To Slip Below $80 Again, Test $78