OPEC output steady, no reason for change: delegate
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OPEC sees no reason to change crude  output as the nine-month high in oil prices last week was due  to U.S. gasoline supply concerns and international political  tension, a senior OPEC delegate said on Monday.
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OPEC will take one million barrels of oil a day off oversupplied world markets as soon as possible with its first output cut in more than two years, a senior OPEC delegate said on Thursday, sending oil prices up nearly $1.50.
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Oil was steady on Thursday, hovering  nearly $2 shy of its record high of $89 a barrel as one OPEC  minister raised the prospect of another output increase and  U.S. data showed rising inventories and weak demand.
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: Indonesia will support the Organization of Petroleum Exporting Countries (OPEC) if it decides at its Dec. 10 meeting to leave its output quota unchanged, Iin Arifin Takhyan, Director General of Oil and Gas said.
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VIENNA OPEC oil ministers are meeting on Wednesday in Vienna to consider changes to the group&#39;s formal output ceiling even as crude prices remain high despite the cartel&#39;s efforts to lower them.
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VIENNA, Austria -- Shrugging off calls to pump more oil, OPEC ministers decided to keep output at present levels at their meeting Friday out of fear that a softening global economy will translate into weakened demand.
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OPEC will keep its oil output near a 25-year high despite a $13 fall in the crude price since mid-July, ministers said on Monday, but the group left the door open to a supply cut before the end of the year.
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Oil prices were steady on Wednesday as  Hurricane Ivan's effect on crude output and refineries in the  Gulf of Mexico balanced OPEC's attempts to reassure traders  with a four percent output ceiling hike.
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The Organization of Petroleum Exporting Countries is likely to keep production at a 25-year high to prevent shortages during the US winter and lower prices, OPEC officials said.
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OPEC agreed here on Friday to leave unchanged its oil production target, Nigeria's energy chief told reporters, snubbing US calls for an increase to cool prices.
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OPEC decided Monday to leave its current production targets unchanged, two key oil ministers said, opting not to tighten its taps despite crude prices that have fallen to five-month lows.
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Oil prices held firm on Wednesday as  Hurricane Ivan closed off crude output and shut refineries in  the Gulf of Mexico, while OPEC's Gulf producers tried to  reassure traders by recommending an output hike.
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OPEC producers have said they see little impact on economic growth so far from oil&#39;s relentless price surge, which Wednesday racked up yet another record high.
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Oil held steady below $91 on Tuesday,  supported by hopes of a fresh cut in U.S. interest rates due to  its fragile economy, coupled with forecasts for a draw in  American distillate stocks and OPEC to maintain output levels.
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OPEC is unlikely to change production at  its meeting this month and, due to high prices, is likely to  continue supplying the market more than demand, Iran's OPEC  governor Hossein Kazempour Ardebili said on Saturday.
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OPEC was meeting on Tuesday to consider  a modest rise in oil output proposed by Saudi Arabia and other  Gulf Arab states in a gesture to consumers worried by the  economic impact of $77 oil and rapidly diminishing stocks.
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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.