OPEC

OPEC crude price starts the week up at 59.03 dollars

Sahil Nagpal 4 November 2008

Organization of the Petroleum Exporting CountriesVienna -

OPEC crude price falls to 57.65 dollars

Sahil Nagpal 3 November 2008

Organization of the Petroleum Exporting CountriesVienna - The price for

OPEC crude price falls to 55.90 dollars

Sahil Nagpal 29 October 2008

Organization of the Petroleum Exporting CountriesVienna - The price fo

Output cut expected as OPEC meets on Friday

Sahil Nagpal 24 October 2008

Output cut expected as OPEC meets on FridayVienna - Oil ministers from the Organization of the Petroleum Exporting Countries (OPEC) set to meet Friday in Vienna were expected to cut oil production in reaction to falling prices and slowing demand.

Several of the cartel's 13 members had indicated before the meeting that they were in favour of lowering the group's joint output by at least 1 million barrels per day. One barrel equals 159 litres.

Since mid-October, the basket price of OPEC crude has hovered below 70 dollars per barrel, down from its July high of 140.73 dollars.

Slight rise in OPEC crude price after cartel announces meeting

Mohit Joshi 20 October 2008

Organization of the Petroleum Exporting CountriesVienna - The price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) rose by 0.48 dollars Friday, following the cartel's decision to meet on October 24 to discuss production cuts.

One barrel (159 litres) of OPEC crude stood at 63.82 dollars Friday, up from 63.34 dollars on the previous day, OPEC said Monday.

OPEC crude price stronger on Tuesday

Sahil Nagpal 15 October 2008

Vienna - The price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) rose by 1.53 dollars Tuesday, staying below the 75-dollar mark, OPEC said Wednesday.

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