OPEC ministers act to stop fall in oil prices
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HAMISH ROBERTSON: Ministers from the countries that make up the oil producing cartel - OPEC â-ave taken action overnight to stop the fall in oil prices.
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OPEC has no power over many of the factors buffeting oil markets and the group is worried by record high prices that are threatening the world economy and future demand growth, OPEC ministers said on Tuesday.
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OPEC oil producers have said they will rein in oversupply to bolster falling prices and that the cartel would have to reduce output quotas early next year.
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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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OPEC is poised to stick with existing  oil supply limits, deferring a decision on cutbacks to counter  falling seasonal demand until March, cartel ministers said  Saturday.
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OPEC is poised to stick with existing  oil supply limits, deferring a decision on cutbacks to counter  falling seasonal demand, cartel ministers said on Saturday.
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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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OPEC oil producers said on Thursday that  Friday's ministerial meeting would rein in oversupply to  bolster falling prices and that the cartel would have to reduce  output quotas early next year.
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Oil producing cartel Opec will cut back on over-production early next year to prevent a further fall in prices, Kuwait&#39;s oil minister has said.
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Oil prices rose for a third straight  session on Friday as OPEC agreed to curb leakage over official  output limits to stem a price slide from October's record  highs.
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Oil prices have fallen in recent weeks from record highs, relieving the anxieties of consumers and economists alike. However, OPEC recently signaled that it&#39;s not ready for the price of black
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The Organization of Petroleum Exporting Countries (OPEC) agreed Friday to reduce crude supplies by one million barrels a day from the beginning of next year to avoid further slide in oil prices.
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OPEC ministers are widely expected to vote for a gradual cutback in oil output over the coming weeks when they meet for one of their most pivotal summits of the year in Cairo tomorrow.
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OPEC oil producers said on Thursday that  Friday's ministerial meeting would focus on halting oversupply  to bolster falling prices and that the cartel would have to  reduce output quotas early next year.
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By Peg Mackey and Francois Murphy CAIRO  - OPEC oil producers said on Thursday that Friday's ministerial meeting would focus on halting oversupply to bolster falling prices and that the cartel would have to reduce output quotas early next year.
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VIENNA : OPEC ministers gathered in Vienna to talk business, with powerbroker Saudi Arabia saying the 11-member cartel was against a 40-dollar price tag on oil, while admitting it is difficult to reduce.
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OPEC met on Monday against the backdrop   of a $13 fall in the oil price since mid-July but ministers   said they were unlikely to tamper with output ahead of peak   winter demand and with supply worries ever present.