Topic: OPEC
OPEC sticks to its guns, demand rising
Reuters US Online Report Business News
VIENNA (Reuters) - OPEC ministers agreed not to change oil output targets they are already exceeding, anticipating that demand will pick up later in the year to mop up extra barrels. But with economic recovery still fragile as powerhouse China considers curbs on credit, members discussed on Wednesday their adherence to ...
OPEC set to freeze oil output
AFP Global Edition
OPEC was set Wednesday to formally announce a freeze in the cartel's oil output ceiling in the face of recovering crude prices and uncertain economic recovery, member countries said. Ahead of an official announcement on output levels by the Organization of Petroleum Exporting Countries, Saudi Oil Minister Ali al-Nuaimi ...
OPEC to freeze oil output target as prices near 82 dollars
AFP Global Edition
OPEC members on Tuesday prepared to announce a freeze in the cartel's oil output ceiling here as crude prices jumped to near 82 dollars. The Organization of Petroleum Exporting Countries was widely expected to maintain its official oil output quota of 24.84 million barrels a day when it ...
Oil firms on eve of OPEC meeting
AFP Global Edition
World oil prices rebounded slightly on Tuesday, after recent heavy losses, with traders on tenterhooks on the eve of a key production meeting of the OPEC cartel. New York's main contract, light sweet crude for April delivery rose 32 cents to 80.12 dollars a barrel. London's Brent ...
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