OPEC Meetings

Saudi Arabia's new Energy Minister Prince Abdulaziz bin Salman, center, and United Arab Emirates Energy Minister Suhail al-Mazrouei, right, walk through an energy exhibition in Abu Dhabi, United Arab Emirates, Monday, Sept. 9, 2019. Prince Abdulaziz, as well as the CEOs of Total SA and ENI SpA, were in Abu Dhabi on Monday at the World Energy Congress. (AP Photo/Jon Gambrell)
September 09, 2019 - 7:13 am
ABU DHABI, United Arab Emirates (AP) — Saudi Arabia's new energy minister said on Monday that oil producers "have to share responsibility" to balance the market in comments that marked his debut since being named the kingdom's new oil minister the previous day. Prince Abdulaziz bin Salman spoke in...
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Russian Minister of Energy Alexander Novak, Venezuela's Manuel Salvador Quevedo Fernandez People's Minister of Petroleum, Mohammad Sanusi Barkindo OPEC Secretary General of Nigeria and Khalid Al-Falih, Minister of Energy, Industry and Mineral Resources of Saudi Arabia, from left, wait for the start of a meeting of the Organization of the Petroleum Exporting Countries, OPEC, and non OPEC members, at their headquarters in Vienna, Austria, Tuesday July 2, 2019. (AP Photo/Ronald Zak)
July 02, 2019 - 8:35 am
VIENNA (AP) — OPEC members won the support Tuesday of other major oil producing nations to extend a production cut for another nine months in a bid to shore up prices at a time of waning demand. Member nations of the Organization of the Petroleum Exporting Countries on Monday agreed to the...
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Khalid Al-Falih, Minister of Energy, Industry and Mineral Resources of Saudi Arabia arrives for a meeting of the Organization of the Petroleum Exporting Countries, OPEC, and non OPEC members at their headquarters in Vienna, Austria, Monday, July 1, 2019. (AP Photo/Ronald Zak)
July 01, 2019 - 1:06 pm
VIENNA (AP) — OPEC looked set to extend its current deal to cut production for nine months as the oil cartel faces a weakening outlook for demand because of waning global growth. Member country representatives were meeting Monday at the Organization of the Petroleum Exporting Countries'...
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CORRECTS DATE - In this Friday, May 17, 2019, photo released by the U.S. Navy, the USS Abraham Lincoln sails in the Arabian Sea near the amphibious assault ship USS Kearsarge. Commercial airliners flying over the Persian Gulf risk being targeted by "miscalculation or misidentification" from the Iranian military amid heightened tensions between the Islamic Republic and the U.S., American diplomats warned Saturday, May 18, 2019, even as both Washington and Tehran say they don't seek war. (Mass Communication Specialist 1st Class Brian M. Wilbur, U.S. Navy via AP)
May 19, 2019 - 9:55 pm
DUBAI, United Arab Emirates (AP) — Saudi Arabia does not want war but will not hesitate to defend itself against Iran, a top Saudi diplomat said Sunday after the kingdom's energy sector was targeted this past week amid heightened tensions in the Persian Gulf. U.S. President Donald Trump, meanwhile...
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Khalid Al-Falih Minister of Energy, Industry and Mineral Resources of Saudi Arabia speaks prior to the start of a meeting of the Organization of the Petroleum Exporting Countries, OPEC, at their headquarters in Vienna, Austria, Thursday, Dec. 6, 2018. (AP Photo/Ronald Zak)
December 07, 2018 - 2:08 pm
VIENNA (AP) — Oil prices spiked sharply higher Friday as major oil producers, including the OPEC cartel, agreed to cut global oil production by 1.2 million barrels a day to reduce oversupply. Following two days of meetings, the Organization of the Petroleum Exporting Countries that includes the...
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General view of a meeting of oil ministers of the Organization of the Petroleum Exporting Countries, OPEC, at their headquarters in Vienna, Austria, Thursday, Dec. 6, 2018. (AP Photo/Ronald Zak)
December 06, 2018 - 12:39 pm
VIENNA (AP) — The Latest on OPEC's meeting on whether to cut oil production and support energy prices (all times local): 6:40 p.m. Saudi Arabia's energy minister says OPEC nations have not yet been able to decide upon a possible production cut and is expressing skepticism about when an agreement...
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Minister of Energy of the United Arab Emirates, UAE, Suhail Mohamed Al Mazrouei talks with Mohammad Sanusi Barkindo, from left, OPEC Secretary General of Nigeria prior to the start of a meeting of the Organization of the Petroleum Exporting Countries, OPEC, at their headquarters in Vienna, Austria, Thursday, Dec. 6, 2018. (AP Photo/Ronald Zak)
December 06, 2018 - 8:14 am
VIENNA (AP) — OPEC countries were gathered Thursday to find a way to support the falling price of oil, with analysts predicting the cartel and key ally Russia would agree to cut production by at least 1 million barrels per day. Crude prices have been falling since October because major producers —...
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FILE - In this May 14, 2015, file photo, the oil drilling rig Polar Pioneer is towed toward a dock in Elliott Bay in Seattle. Sharply lower oil prices are sending ripples through the global economy, lending more spending power to consumers _ particularly for Americans’ big holiday shopping spree _ but potentially dampening investment in U.S. oil production. (AP Photo/Elaine Thompson, File)
November 21, 2018 - 10:03 am
FRANKFURT, Germany (AP) — Holiday shoppers should enjoy more spending power thanks to the recent sharp drop in oil prices, though cheaper energy could also weigh on the U.S. economy by dampening investment in shale oil production. While the fall in oil prices doesn't yet match the 2014-2016 slump...
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FILE- In this Sept. 17, 2018, file photo people wait in line as Travis Hall, right, and Brandon Deese, back, pump fuel from two tanker trucks at a convenience store in Wilmington, N.C. America's rediscovered prowess in oil production is shaking up old notions about the impact of higher crude prices on the U.S. economy. (AP Photo/Chuck Burton, File)
September 21, 2018 - 4:36 pm
DALLAS (AP) — America's rediscovered prowess in oil production is shaking up old notions about the impact of higher crude prices on the U.S. economy. It has long been conventional wisdom that rising oil prices hurt the economy by forcing consumers to spend more on gasoline and heating their homes,...
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