OPEC Meetings

Khalid Al-Falih Minister of Energy, Industry and Mineral Resources of Saudi Arabia speaks prior to the start of a meeting of the Organization of the Petroleum Exporting Countries, OPEC, at their headquarters in Vienna, Austria, Thursday, Dec. 6, 2018. (AP Photo/Ronald Zak)
December 07, 2018 - 2:08 pm
VIENNA (AP) — Oil prices spiked sharply higher Friday as major oil producers, including the OPEC cartel, agreed to cut global oil production by 1.2 million barrels a day to reduce oversupply. Following two days of meetings, the Organization of the Petroleum Exporting Countries that includes the...
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Journalists listen to a video during a meeting of the Organization of the Petroleum Exporting Countries, OPEC, and non OPEC members, at their headquarters in Vienna, Austria, Friday, Dec. 7, 2018. (AP Photo/Ronald Zak)
December 07, 2018 - 11:13 am
VIENNA (AP) — The Latest on the OPEC oil meeting (all times local): 5:05 p.m. OPEC's president says the oil cartel in conjunction with non-OPEC producers including Russia have agreed to cut oil production by 1.2 million barrels a day in January for six months. Suhail Mohamed al-Mazrouei, who is...
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General view of a meeting of oil ministers of the Organization of the Petroleum Exporting Countries, OPEC, at their headquarters in Vienna, Austria, Thursday, Dec. 6, 2018. (AP Photo/Ronald Zak)
December 06, 2018 - 12:39 pm
VIENNA (AP) — The Latest on OPEC's meeting on whether to cut oil production and support energy prices (all times local): 6:40 p.m. Saudi Arabia's energy minister says OPEC nations have not yet been able to decide upon a possible production cut and is expressing skepticism about when an agreement...
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Khalid Al-Falih Minister of Energy, Industry and Mineral Resources of Saudi Arabia speaks prior to the start of a meeting of the Organization of the Petroleum Exporting Countries, OPEC, at their headquarters in Vienna, Austria, Thursday, Dec. 6, 2018. (AP Photo/Ronald Zak)
December 06, 2018 - 7:27 am
VIENNA (AP) — OPEC countries were gathered Thursday to find a way to support the falling price of oil, with analysts predicting the cartel and some key allies, like Russia, would agree to cut production by at least 1 million barrels per day. Crude prices have been falling since October because...
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FILE - In this May 14, 2015, file photo, the oil drilling rig Polar Pioneer is towed toward a dock in Elliott Bay in Seattle. Sharply lower oil prices are sending ripples through the global economy, lending more spending power to consumers _ particularly for Americans’ big holiday shopping spree _ but potentially dampening investment in U.S. oil production. (AP Photo/Elaine Thompson, File)
November 21, 2018 - 11:52 am
FRANKFURT, Germany (AP) — Holiday shoppers should enjoy more spending power thanks to the recent sharp drop in oil prices, though cheaper energy could also weigh on the U.S. economy by dampening investment in shale oil production. While the fall in oil prices doesn't yet match the 2014-2016 slump...
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Khalid Al-Falih, Minister of Energy, Industry and Mineral Resources of Saudi Arabia, right, and Mohammed Sanusi Barkindo, OPEC Secretary-General, left, speak during OPEC's 10th meeting of the Joint Ministerial Committee to monitor the oil production reduction agreement of the Organization of the Petroleum Exporting Countries, OPEC, and non-OPEC members, in Algiers, Algeria, Sunday, Sept. 23, 2018. (AP Photo/Anis Belghoul)
September 23, 2018 - 2:02 pm
ALGIERS, Algeria (AP) — A meeting of OPEC and its allies ended without any decision to further increase oil output despite President Donald Trump's call for lower prices. Members of the Organization of the Petroleum Exporting Countries met on Sunday in Algiers with non-members including Russia. The...
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FILE- In this Sept. 17, 2018, file photo people wait in line as Travis Hall, right, and Brandon Deese, back, pump fuel from two tanker trucks at a convenience store in Wilmington, N.C. America's rediscovered prowess in oil production is shaking up old notions about the impact of higher crude prices on the U.S. economy. (AP Photo/Chuck Burton, File)
September 21, 2018 - 4:36 pm
DALLAS (AP) — America's rediscovered prowess in oil production is shaking up old notions about the impact of higher crude prices on the U.S. economy. It has long been conventional wisdom that rising oil prices hurt the economy by forcing consumers to spend more on gasoline and heating their homes,...
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Minister of Energy of the United Arab Emirates, UAE, Suhail Mohamed Al Mazrouei attend a news conference after a meeting of the Organization of the Petroleum Exporting Countries, OPEC, at their headquarters in Vienna, Austria, Friday, June 22, 2018. (AP Photo/Ronald Zak)
June 22, 2018 - 2:57 pm
VIENNA (AP) — The countries of the OPEC cartel agreed on Friday to pump 1 million barrels more crude oil per day, a move that should help contain the recent rise in global energy prices. Questions remain, however, over the ability of some OPEC nations — Iran and Venezuela in particular — to...
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FILE- In this Feb. 19, 2015, file photo, the sun sets behind an oil well in a field near El Tigre, Venezuela. Ministers from the Organization of the Petroleum Exporting Countries and non-OPEC nations led by Russia meet in Vienna on Friday, June 22, 2018, and Saturday, June 23. (AP Photo/Fernando Llano, File)
June 22, 2018 - 9:45 am
VIENNA (AP) — The Latest on the OPEC meeting on oil production (all times local): 3:45 p.m. Countries in the OPEC oil cartel have agreed to a new oil output level that effectively increases production by almost 1 million barrels per day. The increase was announced after ministers from the group met...
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FILE - In this April 6, 2018 file photo, a former farmer works at a primitive refinery as he makes crude oil into diesel and other products, in Rmeilan, Hassakeh province, Syria. The oil ministers of the OPEC cartel are arriving in Vienna to discuss later this week whether to increase production of crude oil and help ease the price of global energy. The officials were gathering Tuesday, June 19 ahead of the official meeting Friday, when they will also confer with the representative of Russia, a non-OPEC member that has cooperated with the cartel to limit production since late 2016. (AP Photo/Hussein Malla, file)
June 19, 2018 - 9:51 am
VIENNA (AP) — The oil ministers of the OPEC cartel were gathering Tuesday to discuss this week whether to increase production of crude and help limit a rise in global energy prices. The officials were arriving in Vienna ahead of the official meeting Friday, when they will also confer with Russia, a...
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