In a statement made ahead of the meeting, OPEC President Chakib Khelil, who is also Algeria's Energy Minister, said the body will either hold output steady of cut production "to restore market balance and stability. " OPEC, which pumps more ...

economic weakness that may soon reduce demand globally, OPEC president Chakib Khelil said as ministers gathered ahead of an OPEC meeting in Vienna today. "Because of the economic slowdown in the United States - which is affecting world economic ...

"People assumed that OPEC's next move would be to increase output, but it is very clear from looking at market fundamentals that the next move for OPEC is a cut in production ... After briefly touching $100 a barrel twice earlier this year, oil futures ...

By BILL CONDIE OPEC was meeting today to decide whether it should increase production to take the heat out of record oil prices ... Opec members also say much of the price rise has been caused by the weakening dollar, while a sharp decline in ...

economy, the OPEC oil cartel is reconsidering plans to cut production this week, which could push prices above their current record levels. Instead, OPEC is likely to keep its output unchanged when its members meet ...

5--Opec was meeting today to decide whether it should increase production to take the heat out of record oil prices ... Opec members also say much of the price rise has been caused by the weakening dollar, while a sharp decline in the US economy ...

dollars a barrel Tuesday, driven by concerns that OPEC will cut output and geopolitical tensions in Venezuela and Nigeria ... Analysts said there was growing speculation that OPEC, which supplies about 40 percent of the world's oil, would cut ...

Comments from OPEC that suggested the cartel plans no production increases also boosted oil prices ... "OPEC's secretary-general, Abdullah al-Badri, made it clear over the weekend that the cartel continues to believe that the world is sufficiently ...

There was no single driver behind oil's sharp price jump; investors seized on an explosion at a 67,000 barrel-per-day refinery in Texas, the falling dollar, the possibility that OPEC may cut production next month, and continuing tensions between ...

and this "What I think the president ought to do [when gas prices spike] is he ought to get on the phone with the OPEC cartel and say we expect you to open your spigots. And the president of the United States must jawbone OPEC members to lower the ...

There was no single driver behind oil's sharp price jump; investors seized on an explosion at a 67,000 barrel-per-day refinery in Texas, the falling dollar, the possibility that OPEC might cut production next month and continuing tensions between ...

The Crude Facts About Crude Oil The Crude Facts About Crude Oil The Crude Facts About Crude Oil The Crude Facts About Crude Oil US Department of Energy, Middle East, OPEC, SPR, Crude oil, US Dollar, Commodities, President Bush, Saddam Hussein US... ...

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" "If the prices are high, definitely they are not (high) due to a lack of crude," Chakib Khelil, OPEC's president, said in Vienna, Austria, where the 13-member cartel met to determine what it considered the right level of production ... ...

The market has been rattled by a quarrel between the leftist government of Venezuela, a member of the Opec producers' cartel, and Exxon Mobil. There are also fears in the market that Opec ...