OPEC

OPEC

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  OPEC not concerned about US pickup in oil output

  OPEC does not see increased U.S. oil output as a threat to its interests but is skeptical about current forecasts on the boom of American shale oil ... 

• Oil slips on US talks impasse, weak demand outlook

  The price of oil fell to near $86 a barrel on Thursday after critical budget negotiations in Washington reached an apparent impasse. By early ... 

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  OPEC keeps output target on hold amid weak economy

  OPEC ministers agreed to keep their daily crude production target unchanged at a meeting Wednesday. But in a sign of internal rivalries, they failed ... 

• OPEC sees coal use increasing in coming decades

  OPEC says that fossil fuels will remain the main energy source in the coming decades with coal's share growing and oil's falling. In its annual World ... 

• OPEC sees oil demand up for this year and next

  OPEC says that world economic growth above 3 percent this year and next should drive up global oil demand by 900,000 barrels a day this year and a ... 

• Algeria energy minister says OPEC may meet

  Algeria's energy minister has raised the possibility of an extraordinary meeting of OPEC countries to discuss falling oil prices. Youcef Yousfi said ... 

• Correction: Austria-OPEC story

  In a story June 15 about the price of oil, The Associated Press erroneously quoted OPEC Secretary General Abdullah Al-Badry as saying that oil prices ... 

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  OPEC to keep 30 million barrel output target

  OPEC oil ministers agreed Thursday to keep their production target steady, in a compromise meant to defuse rivalries between Iran and Saudi Arabia and ... 

• Oil hovers below $83 ahead of OPEC policy meeting

  The price of oil hovered below $83 a barrel Thursday as markets awaited an announcement from OPEC, where some members were pushing for the group to ... 

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  Saudi-Iran rivalries high ahead of OPEC meeting

  OPEC ministers are coming into a meeting deeply divided over how much crude to pump, with Saudi Arabia keen to keep a lid on prices, rival Iran ...