OPEC

OPEC oil price hits lowest point for four years

The price for oil produced by the Organization of the Petroleum Exporting Countries (OPEC) hit its lowest point for four years, the organization's secretariat in Vienna reported Wednesday.

OPEC expected to approve drastic cut in oil production

OPECMembers of the Organization of the Petroleum Exporting Countries (OPEC) are expected to approve a cut in oil production of up to 2 million barrels per day when they meet later Wednesday in the Algerian city of Oran.

OPEC oil price drops after delayed decision on output cut

OPECThe price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) dropped by 1.65 dollars Monday after the cartel deferred a decision on lowering production quotas at the weekend.

OPEC oil price stable above 47 dollars

OPECThe price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) stood at 47.29 dollars last Friday, 9 cents lower than on the previous day, the cartel announced Monday.

OPEC oil price falls below 45 dollars for the first time since 2005

Organization of the Petroleum Exporting CountriesVienna - The price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) fell to 44.06 dollars Thursday, the first time it went below 45 dollars since May 2005.

OPEC crude price rises by more than 2 dollars

The price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) rose by 2.23 dollars Wednesday, as the weaker dollar buoyed oil
markets, according to data released by OPEC on Thursday.

One barrel (159 litres) of OPEC crude stood at 58.13 dollars on Wednesday, up from 55.90 dollars on the previous day.

OPEC crude price stronger towards the end of the week

OPECThe price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) rebounded for the second day in row on Thursday, data released by OPEC showed on Friday.

Output to stay unchanged as OPEC crude inches down to 101.08 dollars

OPEC crude priceThe price for crude oil produced by OPEC members continued to slide ahead of their meeting in Vienna on Tuesday, but Saudi Arabia signalled there was no need for production cuts.

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