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LONDON (Reuters) - Rising U.S. shale oil production will help meet most of the world's new oil demand in the next five years, even if the global economy picks up steam, leaving little room for OPEC to lift output without risking lower prices, the West's ...http://www.nbcnews.com/id/51880280/ns/business-oil_and_energy/t/us-oil-boom-leav...
LONDON (Reuters) - OPEC will need to pump slightly more oil than it thought in 2013 and expects global consumption to be much higher in the rest of the year, signs of a stronger market that argue against any calls for supply restraint when the group meets ...http://www.nbcnews.com/id/51840059
NEW YORK (Reuters) - It does not take much of a wobble in the oil price to get traders starting to bet on action by OPEC, or at least Saudi Arabia, to cut output to put a floor under the market. But this time these hopes are coming far too soon for any ...http://www.nbcnews.com/id/51620650/ns/business-oil_and_energy/t/hopes-opec-cuts-...
LONDON (Reuters) - OPEC on Wednesday trimmed its forecast for global growth in oil demand in 2013, becoming the second of the world's closely watched oil forecasters this week to predict weaker consumption. The move by the Organization of the Petroleum ...http://www.nbcnews.com/id/51490353/ns/business-stocks_and_economy/t/opec-joins-u...
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File photo of OPEC building pictured in the centre Viennahttp://msnbcmedia.msn.com/j/reuters/2013-03-06t141701z_938248071_gm1e9361or301_rtrmadp_3_gulf-economy-shale.grid-6x3.jpg
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Updated 15 hours ago
OPEC (Organization of the Petroleum Exporting Countries) is an intergovernmental organization dedicated to stability in and shared control of the petroleum marketshttp://www.opec.org/
Updated May. 15, 2013
OPEC is the Organization of the Petroleum Exporting Countries. It is an oil cartel whose mission is to coordinate the policies of the oil-producing countries. The ...http://en.wikipedia.org/wiki/OPEC
Updated 5 hours ago
The Organization of the Petroleum Exporting Countries (OPEC) was founded in Baghdad, Iraq, with the signing of an agreement in September 1960 by five countries namely ...http://www.opec.org/opec_web/en/about_us/25.htm
Updated 5 hours ago
An organization consisting of the world's major oil-exporting nations. The Organization of Petroleum Exporting Countries (OPEC) was founded in 1960 to coordinate the ...http://www.investopedia.com/terms/o/opec.asp
