Opec not expected to up supplies
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Oil prices ease slightly, despite expectations producers cartel Opec will not unveil a rise in supplies.
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VIENNA: OPEC is keeping its foot to the pedal on oil production in a bid to push crude prices back below $40 a barrel. Risking a counter-seasonal fourth quarter build in world crude stocks, Saudi Arabia will
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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 decided at its ministerial meeting here Wednesday to increase its oil production ceiling by 1 million barrels a day beginning Nov. 1, but the decision will have little real impact on the high oil prices.
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Business & money: Opec under pressure to increase production after warning that prices could peak by end of year.
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Oil cartel expected to call for tighter compliance with official quota levels at Cairo meeting. CAIRO  - The OPEC oil cartel is unlikely to lower its official production ceiling when ministers meet
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Top OPEC producer Saudi Arabia on  Wednesday questioned the need for OPEC oil producers to rein in  supply, saying the kingdom would keep crude output at current  high levels as long as customers wanted it.
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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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VIENNA: Opec is keeping its foot to the pedal on oil production in a bid to push crude prices back below $US40 ($NZ62) a barrel. Risking a counter-seasonal fourth quarter build in stocks, Saudi Arabia will
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LONDON, August 28 (IranMania) - Iran&#39;s OPEC governor said Friday that the high oil prices will continue to go up if the situation in Iraq deteriorates, stressing that the Iraqi crisis has coincided with an upsurge in the global demand for crude.
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Oil prices continue falling on comments from Opec that suggest increasing supply is a possibility.
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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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OPEC is widely expected to resist consumer calls for more oil when it meets on Friday, worried by a slowing U.S. economy and the onset of seasonally lower demand in the spring.
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OPEC is capable of increasing oil output levels by a further 1.5 million barrels per day to help ease pressure on the market but new supplies may not lower prices, the organisation&#39;s president says.
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Oil prices held just below &#36;48 a barrel on Tuesday, as the market remained nervous that OPEC producers may cut supplies before the end of the first quarter.
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World oil inventories are continuing to  rise but stronger-than-expected demand growth means the  stockbuild will be smaller than previously thought, the OPEC  oil cartel said on Friday.
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Opec's president says oil supply is adequate as Brent crude hits a record $46 a barrel and US light crude hovers 4 cents below its all-time record.