...because of late reports about possible coordinated action by central banks.Energy stocks rose the most Friday. OPEC oil ministers agreed Thursday to keep their production target steady, a compromise meant in part to soothe economically troubled...
VIENNA - OPEC oil ministers agreed Thursday to keep their production target steady, in a compromise...Saudi-Iranian tensions are an embarrassment to OPEC, and Saudi Oil Minister Ali Naimi refused to answer questions on the issue as he prepared...
...endorsing lower prices, Angolan Oil Minister Jose Maria Bothelo de Vasconselos...market needs more oil." Iraqi oil minister Abdul-Karim Elaibi differed...to push prices downward.OPEC oil ministers usually face easier choices at...
...exports. They include a freeze of the country's central bank assets and an oil embargo set to begin in July.Iran's Oil Minister Rostam Qassemi had warned earlier this month that Tehran could cut off exports to "hostile" European nations. The...
...meaning the daily commute is no longer happening for millions of households. OPEC is preparing to meet in Angola, with oil ministers hinting Monday that they would leave supply levels where they are rather than tightening quotas again in an attempt...
...economy potentially laid the groundwork for a big reduction when it meets again Dec. 17. Chakib Khelil, Algeria's oil minister and the group's president, said the Organization of Petroleum Exporting Countries ministers noted "with concern...
...is a house of cards." Iranian oil minister Gholam Hossein Nozari told reporters...telling reporters that the 13 OPEC oil ministers meeting today will reach "consensus...action." Both he and Iraq's oil minister said their nations might be forced...
...barrels in reserves - enough to power the globe at current levels of consumption for 140 years. Mr. Jum'ah challenged oil ministers and petroleum executives at an OPEC conference in Vienna to step up exploration "and leave the minimum amount of oil...
...OPEC President Edmund Daukoru, who is also Nigeria's oil minister, said he would consult with other members "should...output quota is reduced, Kilduff said. Ali Naimi, the oil minister of Saudi Arabia, the world's No. 1 oil exporter...
...in Libya could be quickly absorbed by other countries such as Saudi Arabia. The official Saudi Press Agency quoted oil minister Ali Naimi as saying Saudi production capacity of 12.5 million barrels per day can help "compensate for any shortage...
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