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OPEC says it has lost control of oil prices

Despite a pledge by OPEC ministers to increase oil production, don't expect much of a break on oil prices. With crude oil prices hitting a record $56 a barrel Wednesday, OPEC ministers meeting in Iran have been grappling with a problem they haven’t confr ...

Will OPEC output cuts go too far?

With drivers fuming at pump prices, and politicians scrambling for solutions, OPEC is standing firm with its plan to further squeeze already-tight world oil supplies. It’s not the first time OPEC has made such a move – only to see its members break ...

OPEC agrees to hike output

VIENNA, Austria — OPEC will increase its oil production target by 1 million barrels a day later this year in a move widely viewed as more symbolic than significant, given that the cartel has been exceeding the new output limit since the beginning of the ...

OPEC unlikely to change production targets

LUANDA, Angola — OPEC hasn't touched its oil production targets for a year, and with the economy still shaky oil ministers gathering for Tuesday's meeting in this African capital are unlikely to go tinkering with them now. Saudi Arabia's oil minister ...

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OPEC Secretary General al-Badri addresses a news conference after an ...

OPEC Secretary General al-Badri answers to journalists before an OPEC ...

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OPEC : Home

Updated April. 17, 2014

OPEC (Organization of the Petroleum Exporting Countries) is an intergovernmental organization dedicated to stability in and shared control of the petroleum markets

OPEC - Wikipedia, the free encyclopedia

Updated April. 20, 2014

OPEC (Organization of the Petroleum Exporting Countries) is an international organization whose mission is to coordinate the policies of the oil-producing countries.

OPEC : Member Countries

Updated April. 19, 2014

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 ...


Updated April. 20, 2014

OPEC News and analysis on Oil, Energy, Fuel, Petrol, Gas, Petroleum, Power and more. Searchable news in 44 languages from WorldNews Network and Archive