OPEC Meetings

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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Journalists listen to a video during a meeting of the Organization of the Petroleum Exporting Countries, OPEC, and non OPEC members, at their headquarters in Vienna, Austria, Friday, Dec. 7, 2018. (AP Photo/Ronald Zak)
December 07, 2018 - 10:12 am
VIENNA (AP) — The Latest on the OPEC oil meeting (all times local): 4 p.m. Iraq's representative in OPEC says the oil cartel has agreed to a proposal that will see global oil production reduced by 1.2 million barrels a day. According to Thamir Ghadhban, the proposed cut would be made up of 800,000...
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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 - 12:57 pm
VIENNA (AP) — OPEC countries hoping to support the price of oil put off their decision Thursday on how much to reduce oil production until they negotiate with ally Russia on Friday on how much it will contribute to the cut. Some saw it as a sign that the group of oil-producing nations may not have...
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People stand in front of the headquarters of the Organization of the Petroleum Exporting Countries, OPEC, in Vienna, Austria, Wednesday, Dec. 5, 2018. (AP Photo/Ronald Zak)
December 06, 2018 - 5:53 am
VIENNA (AP) — The Latest on OPEC's meeting on cutting oil production (all times local): 11:50 a.m. Saudi Arabia's energy minister says his country sees an oil production cut of 1 million barrels per day as "adequate" to respond to recent declines in oil prices. Heading in to a meeting of OPEC...
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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 - 11:52 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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Khalid Al-Falih, Minister of Energy, Industry and Mineral Resources of Saudi Arabia, right, and Mohammed Sanusi Barkindo, OPEC Secretary-General, left, speak during OPEC's 10th meeting of the Joint Ministerial Committee to monitor the oil production reduction agreement of the Organization of the Petroleum Exporting Countries, OPEC, and non-OPEC members, in Algiers, Algeria, Sunday, Sept. 23, 2018. (AP Photo/Anis Belghoul)
September 23, 2018 - 2:02 pm
ALGIERS, Algeria (AP) — A meeting of OPEC and its allies ended without any decision to further increase oil output despite President Donald Trump's call for lower prices. Members of the Organization of the Petroleum Exporting Countries met on Sunday in Algiers with non-members including Russia. The...
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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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Minister of Energy of the United Arab Emirates, UAE, Suhail Mohamed Al Mazrouei attend a news conference after a meeting of the Organization of the Petroleum Exporting Countries, OPEC, at their headquarters in Vienna, Austria, Friday, June 22, 2018. (AP Photo/Ronald Zak)
June 22, 2018 - 2:57 pm
VIENNA (AP) — The countries of the OPEC cartel agreed on Friday to pump 1 million barrels more crude oil per day, a move that should help contain the recent rise in global energy prices. Questions remain, however, over the ability of some OPEC nations — Iran and Venezuela in particular — to...
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FILE- In this Feb. 19, 2015, file photo, the sun sets behind an oil well in a field near El Tigre, Venezuela. Ministers from the Organization of the Petroleum Exporting Countries and non-OPEC nations led by Russia meet in Vienna on Friday, June 22, 2018, and Saturday, June 23. (AP Photo/Fernando Llano, File)
June 22, 2018 - 6:02 am
VIENNA (AP) — The Latest on the OPEC meeting on oil production (all times local): 12:00 p.m. Iraq's oil minister says he is confident that officials from major oil-producing countries will reach an agreement on raising oil production at their meeting in Vienna. Jabar Ali al-Luaibi said as ministers...
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