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News Topics: OPEC

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Russia's Energy Minister To Meet OPEC As Oil Price Falls More
Monday, September 15, 2014 Russian Energy Minister Alexander Novak will meet OPEC officials in Vienna, his spokeswoman says, as oil's price fall piles pressure on Moscow's budget.

Saudi Reports Oil Cutback As OPEC Again Cuts Demand View
Wednesday, September 10, 2014 Saudi Arabia tells OPEC it reduced its oil output in August by 400,000 bpd, a cutback coinciding with a drop in oil prices towards the kingdom's preferred level of $100 a barrel.

EIA: Tight Oil Stabilizes Brent Crude Prices
Friday, August 29, 2014 Production from US shale formations is making oil imports from OPEC countries less important.

Delegates: OPEC Unruffled By Oil Price Slide, Sees Market Rebound
Tuesday, August 19, 2014 OPEC is not worried about a slide in oil prices towards $100 a barrel, delegates from the producer group say.

OPEC Sees Lower 2014 Oil Demand Growth, Pumps More
Friday, August 08, 2014 OPEC trims its 2014 global oil demand growth forecast for a second consecutive month and says it managed to increase output in July despite violence in Iraq and Libya.