Angola to become OPEC member this week: Qatari minister
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Angola, sub-Saharan Africa's second-biggest oil producer, could be approved as the 12th member of OPEC at a meeting of the oil exporters' group on Thursday, Qatari Energy Minister Abdullah bin Hamad al-Attiyah said.
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The Organization of Petroleum Exporting Countries (OPEC) expects to see a fall in global oil prices to as much as US$30 per barrel, its president Purnomo Yusgiantoro said here 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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Nervous OPEC oil producers on Wednesday  sized up how fast this week's ministerial meeting should rein  in a supply surge that has helped drag crude prices down by a  quarter in barely six weeks.
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The Organization of Petroleum Exporting Countries, OPEC, will maintain the oil prices reference band unchanged in the coming meeting scheduled for September 15 in Vienna, said Purnomo Yusgiantoro, OPECâs president.
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OPEC may set a new target range for oil prices next week and would like to see crude down from current lofty levels closer to &#36;30 a barrel, the head of the producers' cartel said on Wednesday.
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The United Arab Emirates (UAE) has named Mohammed bin Al Dhaen Al Hamili oil minister, succeeding Obeid bin Saif Al Nasseri in a cabinet reshuffle approved by Supreme Council
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Nervous OPEC oil producers on Wednesday sized up how fast this week&#39;s ministerial meeting should rein in a supply surge that has helped drag crude prices down by a quarter in barely six weeks.
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Angola says it expects to see investors pour $50bn into its oil industry over the next six years.
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Saudi Arabia&#39;s oil minister said Wednesday that he was happy with OPEC&#39;s current output, while his Libyan counterpart called for a production cut.
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DRIVERS can look forward to cheaper petrol in the new year, with price cuts expected of up to 10c a litre. Oil ministers of the Organisation of Petroleum Exporting Countries (OPEC) agreed in Cairo on Friday
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JAKARTA, Indonesia -- The Organization of Petroleum Exporting Countries wants oil prices that traded near $50 a barrel last week before retreating this week to fall faster, and will discuss whether to increase production at a meeting next month, the
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OPEC ministers will concentrate on quota  compliance rather than cutting official production ceilings to  combat falling oil prices when they meet in Cairo this week,  Iran's oil minister was quoted as saying on Monday.
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Organization of Petroleum Exporting Countries (OPEC) ministers agreed to increase the cartel&#39;s official daily production quota by one million barrels.
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The Organization of Petroleum Exporting Countries (OPEC) expects to find a solution with non-OPEC members and oil companies to jointly stabilize oil prices at their meeting next month, OPEC president Purnomo Yusgiantoro said.
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LONDON, November 29  - Saudi Arabiaâs Oil Minister, Ali Al-Naimi, reiterated today that his country is taking adequate steps to expand its sustainable oil capacity, while mentioning that supply-related fears have resulted in a $10-$15
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CAIRO  - OPEC oil producers were closing in on a deal to reduce oil production to bring it closer to official quotas, which will be left unchanged, Kuwaiti Energy Minister Sheikh Ahmad Fahd al-Sabah said.