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VIENNA, Nov. 13 (Xinhua) -- Monthly average prices of the Organization of Petroleum Exporting Countries (OPEC) dropped to 105.47 U.S. dollars per barrel in the past month, the Vienna-based cartel said Tuesday. It was the second consecutive monthly de
OPEC will cut its oil output by 1.5 million barrels a day starting in November, with chances of more cuts to come. But from Paris, Lisa Bryant reports the announcement was met by a further drop by financial markets. OPEC hopes that by cutting output
By Sabina Castelfranco Rome 22 April 2008 OPEC Secretary General Abdalla Salem el-Badri says the cartel plans to boost its oil production targets by five million barrels a day by 2012. He was speaking on the final day of the International Energy Foru
Sinopec boss wins Petroleum Executive of the Year award LONDON, Nov. 12 (Xinhua) -- Chinese oil giant Sinopec's boss Fu Chengyu has been awarded the title of the Petroleum Executive of the Year in London on Monday evening by the world leading energy
By Lisa Bryant Paris 01 February 2008 OPEC's 13 members, meeting in Vienna Friday, rejected calls by the United States to increase oil output. The oil cartel said supplies meet current demands. Lisa Bryant has more from Paris. Following talks in Vien
The oil-producing OPEC cartel has for the fourth straight month trimmed its estimate of world demand for oil for the rest of this year and in 2012. The 12-nation Organization of the Petroleum Exporting Countries said Tuesday that the demand for oil w