OPEC Ministers to Discuss Oil Production
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Oil ministers of the 11-member Organization of Petroleum Exporting Countries meet Wednesday in Vienna to discuss the possibility of raising production, which could lower world oil prices.
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As OPEC ministers prepare to meet Monday, the question on their minds is not how high oil prices will rise, but how far they may drop.
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As ministers from the Organisation of Petroleum Exporting Countries meet in Cairo, there are calls for cuts in output to prevent the slide in oil prices accelerating with the seasonal decline in demand in the spring.
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VIENNA, Austria OPEC ministers are divided over whether they should raise output and target prices as they arrived in Austria for a key meeting.
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OPEC meets on Thursday to set oil output policy through winter, under pressure from importing nations to steer away from an immediate cut that risks pushing up prices and damaging economic growth.
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CAIRO  - OPEC ministers played down the significance of an indifferent market reaction to their output cut to shore-up sliding oil prices, insisting that prices would climb again next week.
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OPEC, the source of more than a third of the world&#39;s oil, will discuss raising its output target by as much as 3.8 percent at a meeting today in a bid to lower near-record prices, officials said.
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OPEC is concerned by the fall  in the dollar and the producer group will take up the issue  when it meets next week to chart supply policy.
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OPEC oil ministers agreed today to cut oil production by one million barrels a day to stem a 24 percent price slide in the past six weeks, and they called for an emergency meeting
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OPEC is discussing an oil output cut of up to 500,000 barrels per day, delayed until February1 when the northern winter is ending, delegates said on Thursday.
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OPEC oil producers said on Thursday that Friday&#39;s ministerial meeting would focus on cutting back oversupply to support falling prices and that producers
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OPEC oil ministers will meet on January  30 as scheduled despite a request from Iraq to move the date of  the meeting to avoid a clash with the Iraqi elections, an OPEC  spokesman said on Wednesday.
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OPEC, the producer of more than a third of the world&#39;s oil, expects prices will recover from their second-largest drop this year as nations enforce yesterday&#39;s decision to lower output, ministers said.
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The OPEC countries are scheduled to meet this week in Cairo to discuss whether the current high in oil production is to be maintained or curtailed.
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Oil Ministers representing countries in the Organization of Petroleum Exporting Countries (OPEC) met in Cairo, Egypt, and agreed to end the over quota production.
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VIENNA -- OPEC, the producer of 41 percent of the world's oil, probably won't cut output at a meeting here this week as mounting tensions between the United States and Iran bolster prices.
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NEW DELHI, SEPT 6: Oil ministers of India and Pakistan will hold talks on plans for a gas pipeline from Iran to India and New Delhi&#39;s proposal to sell diesel to its South Asian neighbour, officials said on Monday.