VIENNA, Nov. 13 (Xinhua) -- Monthly average prices of the Organization of Petroleum Exporting Countries (OPEC) dropped to 105.47 U.S. dollars per barrel in the past month, the Vienna-based cartel said Tuesday. It was the second consecutive monthly de...
The oil-producing OPEC cartel has for the fourth straight month trimmed its estimate of world demand for oil for the rest of this year and in 2012. The 12-nation Organization of the Petroleum Exporting Countries said Tuesday that the demand for oil w...
President Bush is calling on the world's major oil-producing countries to increase their output. Mr. Bush will visit Egypt Wednesday on the final stop of his eight-day tour of the Middle East. Mr. Bush also issued another warning to Iran. 美国总统布...
OPEC will cut its oil output by 1.5 million barrels a day starting in November, with chances of more cuts to come. But from Paris, Lisa Bryant reports the announcement was met by a further drop by financial markets. OPEC hopes that by cutting output...
By Sabina Castelfranco Rome 22 April 2008 OPEC Secretary General Abdalla Salem el-Badri says the cartel plans to boost its oil production targets by five million barrels a day by 2012. He was speaking on the final day of the International Energy Foru...
By Lisa Bryant Paris 01 February 2008 OPEC's 13 members, meeting in Vienna Friday, rejected calls by the United States to increase oil output. The oil cartel said supplies meet current demands. Lisa Bryant has more from Paris. Following talks in Vien...
By Gilbert da Costa Abuja 14 December 2006 OPEC oil ministers meeting in Nigeria have agreed to cut the organization's overall production by half a million barrels a day in February, but turned down calls for more immediate cuts. Gilbert da Costa re...
By Marlene Smith Vienna 08 March 2006 The Organization of Petroleum Exporting Countries (OPEC) has decided to hold its output steady. The decision comes amid new threats from cartel member Iran to cut...
By Marlene Smith Vienna 31 January 2006 OPEC's President Edmund Maduabebe Daukoru from Nigeria arrives for final press conference after a meeting of ministers of OPEC, in Vienna, 31 January 2006 The O...