...the issue of re-incorporating Iraq into Opec's system of production targets will quickly...economic downturn took hold last year, Opec has set a maximum production level for...production will weigh on prices, making Opec's members' already slipping compliance...

...compared with the likes of Saudi Arabia or Kuwait, and its crude production of about 791,000 b/d make it the second-smallest Opec producer after Ecuador. But when it comes to gas, Qatar finds itself in an enviable position.The country is endowed with proven...

...Scotland.Ali Rodriguez, finance minister, attributed the greater-than-expected contraction to oil production cutbacks required by Opec, the oil producers' cartel, and a decline in oil prices. Oil accounts for 93 per cent of exports, and sales to the US, its biggest...

...Scotland.Ali Rodriguez, finance minister, attributed the greater-than-expected contraction to oil production cutbacks required by Opec, the oil producers' cartel, as well as a decline in oil prices in general. Certainly, with oil accounting for 93 per cent of...

...on Tuesday said they saw no need for the Opec oil cartel to further reduce its production...In a series of announcements last year, Opec said it would reduce its oil production...largely successful, even though not all Opec members have adhered to their share of...

The Opec oil cartel has decided to keep its output unchanged, but...have been trading at around $70 a barrel, the lower end of Opec's target. In its statement explaining its decision Opec said: "Whilst there are signs that economic recovery is...

...be attending Wednesday's meeting of the Opec oil cartel, sparking speculation Muammar...views. A former prime-minister and one of Opec's longer serving ministers, he was well-liked...Ghanem had been a critical voice in getting Opec to cut back its production to boost oil...

...not be attending today's meeting of the Opec oil cartel, in a move seen by industry...a former prime minister, who is one of Opec's longer serving ministers, had grown wary...Ghanem had been a critical voice in getting Opec to cut back its production to boost oil...

...ministers gathering in Vienna yesterday said they saw no need for the Opec oil cartel to reduce its production further because oil prices...some analysts say nothing should be ruled out and believe that Opec might need to make some cuts, even if they do so quietly.Oil...

...Texas Intermediate oil jumped $3.08 to $71.10 a barrel while ICE October Brent gained $2.89 at $69.42 a barrel ahead of today's Opec meeting.The oil producers' group is widely expected to maintain its current output targets and call for more rigorous compliance...