OPEC Meetings

Russian Minister of Energy Alexander Novak, Venezuela's Manuel Salvador Quevedo Fernandez People's Minister of Petroleum, Mohammad Sanusi Barkindo OPEC Secretary General of Nigeria and Khalid Al-Falih, Minister of Energy, Industry and Mineral Resources of Saudi Arabia, from left, wait for the start of a meeting of the Organization of the Petroleum Exporting Countries, OPEC, and non OPEC members, at their headquarters in Vienna, Austria, Tuesday July 2, 2019. (AP Photo/Ronald Zak)
July 02, 2019 - 8:35 am
VIENNA (AP) — OPEC members won the support Tuesday of other major oil producing nations to extend a production cut for another nine months in a bid to shore up prices at a time of waning demand. Member nations of the Organization of the Petroleum Exporting Countries on Monday agreed to the...
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Khalid Al-Falih, Minister of Energy, Industry and Mineral Resources of Saudi Arabia arrives for a meeting of the Organization of the Petroleum Exporting Countries, OPEC, and non OPEC members at their headquarters in Vienna, Austria, Monday, July 1, 2019. (AP Photo/Ronald Zak)
July 01, 2019 - 5:27 pm
VIENNA (AP) — OPEC is extending its deal to cut production for another nine months in bid to keep oil prices from sagging as the oil cartel faces a weakening outlook for global demand. The decision among the members of the Organization of the Petroleum Exporting Countries came during a meeting...
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CORRECTS DATE - In this Friday, May 17, 2019, photo released by the U.S. Navy, the USS Abraham Lincoln sails in the Arabian Sea near the amphibious assault ship USS Kearsarge. Commercial airliners flying over the Persian Gulf risk being targeted by "miscalculation or misidentification" from the Iranian military amid heightened tensions between the Islamic Republic and the U.S., American diplomats warned Saturday, May 18, 2019, even as both Washington and Tehran say they don't seek war. (Mass Communication Specialist 1st Class Brian M. Wilbur, U.S. Navy via AP)
May 19, 2019 - 9:55 pm
DUBAI, United Arab Emirates (AP) — Saudi Arabia does not want war but will not hesitate to defend itself against Iran, a top Saudi diplomat said Sunday after the kingdom's energy sector was targeted this past week amid heightened tensions in the Persian Gulf. U.S. President Donald Trump, meanwhile...
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A Saudi worker adjusts flags of participating countries before a meeting of energy ministers from OPEC and its allies to discuss prices and production cuts, in Jiddah, Saudi Arabia, Sunday, May 19, 2019. The meeting takes places as tensions flare in the Persian Gulf after the U.S. ordered bombers and an aircraft carrier to the region over an unexplained threat they perceive from Iran, which comes a year after the U.S. unilaterally pulled out of Tehran's nuclear deal with world powers and reimposed sanctions on Iranian oil.(AP Photo/Amr Nabil)
May 19, 2019 - 4:34 pm
JIDDAH, Saudi Arabia (AP) — The United Arab Emirates' energy minister said Sunday he does not think oil producing nations should relax the production cuts currently in place. Suhail al-Mazrouei spoke to reporters on the sidelines of a meeting in Saudi Arabia of the world's major oil producers. His...
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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 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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Minister of Energy of the United Arab Emirates, UAE, Suhail Mohamed Al Mazrouei talks with Mohammad Sanusi Barkindo, from left, OPEC Secretary General of Nigeria 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 - 12:57 pm
VIENNA (AP) — OPEC countries hoping to support the price of oil put off their decision Thursday on how much to reduce oil production until they negotiate with ally Russia on Friday on how much it will contribute to the cut. Some saw it as a sign that the group of oil-producing nations may not have...
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People stand in front of the headquarters of the Organization of the Petroleum Exporting Countries, OPEC, in Vienna, Austria, Wednesday, Dec. 5, 2018. (AP Photo/Ronald Zak)
December 06, 2018 - 5:59 am
VIENNA (AP) — The Latest on OPEC's meeting on whether to cut oil production and support energy prices (all times local): 12:00 p.m. Iraq's oil minister says he is confident that officials from major oil-producing countries will reach an agreement that will help stabilize the price of crude. Thamir...
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FILE - In this May 5, 2018, file photo, a taxi passes by a building with an image of emir of Qatar, Sheikh Tamim bin Hamad Al Thani, in Doha, Qatar. The tiny, energy-rich Arab nation of Qatar announced on Monday, Dec. 3, 2018 it would withdraw from OPEC, mixing its aspirations to increase production outside of the cartel's constraints with the politics of slighting the Saudi-dominated group amid the kingdom's boycott of Doha. (AP Photo/Kamran Jebreili, File)
December 03, 2018 - 11:27 am
DUBAI, United Arab Emirates (AP) — The tiny, energy-rich Arab nation of Qatar announced Monday it will withdraw from OPEC in January, a rebuke of the Saudi-dominated cartel as the kingdom's boycott of Doha continues unabated and a crucial meeting of the group looms this week. The surprise...
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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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