An OPEC for politicians
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At the risk of stating the obvious, the United Nations hasn't been America's friend in recent years.
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Oil group Opec is expected to maintain its output quotas at a meeting on Monday, even as prices have been falling.
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As this Central Asian oil-producing nation prepares for critical parliamentary elections Sunday, both the government and opposition are trying to play the oil card to their own advantage.
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OPEC is pumping near flat out in a bid  to drag down oil prices but will not rubber-stamp all its extra  output with a big increase in formal supply quotas, cartel  ministers and delegates said on Tuesday.
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OPEC served notice yesterday it intends to make money this winter - no matter how mild the weather might be. Meeting in Cairo, the 11-member cartel, which pumps about a third of the world&#39;s oil, said it will
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Opec ministers gather this weekend to set oil production levels, as traders watch the outcome of the Iraq election and other factors affecting the oil supply.
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The oil ministers of Opec heavyweights Saudi Arabia and Kuwait have pledged to maintain output after prices hit new peaks at the end of last week.
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NEW YORK, September 16 (New Ratings) - The Organization of Petroleum Exporting Countries (OPEC) has decided to raise its official crude oil output quota by 1 million barrels per day, effective from November 1 this year.
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In Putinâs Russia Gazprom is by no means a mere natural monopoly, nor a newly established ministry for oil and gas. Gazprom is an instrument of public administration just like the pro-Kremlin United Russia
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OPEC ministers yesterday agreed to increase their ceiling for oil production to help bring down stubbornly high prices in a decision that traders and analysts
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OPEC may decide to increase oil output at its February 1 meeting in Vienna if supply is not sufficient, Indonesia's OPEC governor told Reuters on Thursday.
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The head of the Organization of Petroleum Exporting Countries (OPEC) has called on the United States to release some of its oil reserves to help reduce world oil prices.
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Here's a way to benefit from an increase in the global demand for oil.
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OPEC, the producer of more than 40 percent of the world's oil, is supplying the international market with enough crude and cannot be blamed for record prices, the group's new president said Saturday.
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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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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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THE Organisation of Petroleum Exporting Countries (OPEC) is hiking its official output by one million barrels per day effective November with Nigeria getting 82,000 barrels per day or 8.2 per cent of the new quota.