OPEC

OPEC oil prices rises ahead of possible production cuts

OPEC oil prices rises ahead of possible production cutsVienna - The price for oil produced by the Organization of the Petroleum Exporting Countries (OPEC) continued to rise Friday, ahead of a meeting of the cartel on December 17, at which production cuts are expected to be discussed.

One barrel (159 litres) of OPEC-produced crude stood at 41.32 dollars Friday, 1.20 dollars higher than on the previous day, the Vienna-based organization announced Monday.

OPEC president Chakib Khelil last week called for a "drastic cut" of oil production, ahead of the meeting of oil ministers in Oran, Algeria on Wednesday.

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

Organization of the Petroleum Exporting Countries

OPEC oil price continues to slide

OPECVienna - The price for crude oil produced by the Organization of the Pet

OPEC oil price 1.13 dollars lower on Monday

Organization of the Petroleum Exporting CountriesVienna - The price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) fell by 1.13 dollars Monday, as the cartel made a further downward revision in its demand outlook for 2009.

One barrel (159 litres) of OPEC crude stood at 47.96 dollars, compared with 49.09 dollars last Friday, the Vienna-based organization said Tuesday.

In its latest monthly market report, OPEC forecast 86.68 million barrels per day of crude-oil demand for next year, 530,000 barrels per day less than predicted in October.

Price of OPEC oil drops to 22-month low

Organization of the Petroleum Exporting CountriesVienna - The price fo

OPEC says oil price drops 4 dollars

OPEC says oil price drops 4 dollarsVienna - The oil cartel OPEC said Friday th

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