OPEC Meetings

Prince Abdulaziz bin Salman Al-Saud, center, Minister of Energy of Saudi Arabia looks prior to the start of a meeting of the Organization of the Petroleum Exporting Countries, OPEC, at their headquarters in Vienna, Austria, Thursday, Dec. 5, 2019. (AP Photo/Ronald Zak)
December 06, 2019 - 10:46 am
The OPEC oil-producing countries and ally Russia said Friday they have agreed to cut crude production, prompting a surge in global crude prices that they hope to sustain into next year. The group decided to cut output by an extra 500,000 barrels a day as they try to support the price of energy and...
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Prince Abdulaziz bin Salman Al-Saud, center, Minister of Energy of Saudi Arabia looks prior to the start of a meeting of the Organization of the Petroleum Exporting Countries, OPEC, at their headquarters in Vienna, Austria, Thursday, Dec. 5, 2019. (AP Photo/Ronald Zak)
December 05, 2019 - 5:22 pm
VIENNA (AP) — The countries that make up the OPEC oil-producing cartel talked into the night Thursday over possible deep cuts to production that would support the price of fuel around the world. An OPEC spokesman told waiting journalists at 10 p.m. (2100 GMT) that an expected news conference would...
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FILE - In this March 8, 2018, file photo wetlands are seen beyond the Shell Norco refinery in Norco, La. The world may be heading into an oversupply of oil, and that possibility is hanging over members of the OPEC cartel, which will meet later this week to decide whether to further cut production to boost prices. (AP Photo/Gerald Herbert, File)
December 04, 2019 - 3:03 pm
The world may be heading for an even greater oversupply of oil, and that possibility — which could drive down fuel and energy prices — is hanging over members of the OPEC cartel as they head into negotiations Thursday. The oil-producing nations will decide whether to stick with production cuts they...
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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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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 - 5:53 am
VIENNA (AP) — The Latest on OPEC's meeting on cutting oil production (all times local): 11:50 a.m. Saudi Arabia's energy minister says his country sees an oil production cut of 1 million barrels per day as "adequate" to respond to recent declines in oil prices. Heading in to a meeting of OPEC...
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