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Broadcast: Jan 12, 2003 The Organization of Petroleum Exporting Countries has agreed to increase production to 24.5 million barrels per day to cover a shortfall of oil from Venezuela, where a six week
By Marlene Smith Vienna 31 January 2006 OPEC's President Edmund Maduabebe Daukoru from Nigeria arrives for final press conference after a meeting of ministers of OPEC, in Vienna, 31 January 2006 The O
There were two anti-US firebrands, Iran and Venezuela who are making the most noise, and they were saying that the weaker US dollar is to blame for the record high oil prices. Currently oil export earnings are denominated in US dollars. And that's o
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
Oil prices began bouncing back Wednesday after members of the Organization of the Petroleum Exporting Countries agreed to a modest production cut of 500,000 barrels a day, during a meeting in Vienna. Lisa Bryant reports for VOA from Paris. OPEC head
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
Russia says it will send a permanent observer to the Organization of the Petroleum Exporting Countries, amid mounting concerns among producers about falling oil prices. Meanwhile OPEC ministers have decided to stick with current production levels. T
OPEC Sees Oil Demand Decline Again Demand for crude oil from OPEC countries is expected to decline again next year, as independent producers, especially the United States, increase their supplies. Times are gradually changing for OPEC, the Organizati
AUDIE CORNISH, HOST: The U.S. oil industry is coming out of a slump that's gone on for two years. Today, there are more than twice as many rigs drilling for oil compared to a year ago. One big factor is OPEC, the cartel of oil exporting states. Last
By Marlene Smith Vienna 08 March 2006 The Organization of Petroleum Exporting Countries (OPEC) has decided to hold its output steady. The decision comes amid new threats from cartel member Iran to cut
ECONOMICS REPORT - OPEC and Oil Prices By Mario Ritter Broadcast: Friday, April 09, 2004 This is Bob Doughty with the VOA Special English Economics Report. Last week, the Organization of the Petroleum
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
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By Gilbert da Costa Abuja 14 December 2006 OPEC oil ministers meeting in Nigeria have agreed to cut the organization's overall production by half a million barrels a day in February, but turned down calls for more immediate cuts. Gilbert da Costa re
OPEC Agrees to Reduce Oil Output Kerry Sheridan Oil prices edged higher Tuesday after ministers from the Organization of Petroleum Exporting Countries (OPEC) agreed to reduce output. OPEC ministers ha
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
President Bush is calling on the world's major oil-producing countries to increase their output. Mr. Bush will visit Egypt Wednesday on the final stop of his eight-day tour of the Middle East. Mr. Bush also issued another warning to Iran. 美国总统布
VIENNA, Jan. 17 (Xinhua) -- The Organization of Petroleum Exporting Countries (OPEC) (石油输出国家组织 )raised its forecast Monday for global oil-demand growth this year, encouraged by outlook of continued world economic recovery. In 2011