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Unrest in Libya affecting prices

...more worrisome for oil markets is the potential for instability to spread to other countries in the Organization of Petroleum Exporting Countries, especially Saudi Arabia and Kuwait.Oil prices jumped $4.03 a barrel on Monday, with benchmark...

http://chronicle.augusta.com/news/business/2011-02-21/unrest-libya-affecting-pri
Business
Oil prices fall as fears are eased

...or enough crude to supply the group for 145 days.Saudi Arabia, the most important member of the Organization of Petroleum Exporting Countries, said it would increase production to make up for any shortfalls due to unrest in Libya, if necessary...

http://chronicle.augusta.com/news/business/2011-02-24/oil-prices-fall-fears-are-
Business
Oil rises as OPEC maintains output

...other countries were hoping OPEC would raise production levels and bring down the price of oil.The Organization of Petroleum Exporting Countries didn't come to the rescue, however. In a contentious meeting in Vienna on Wednesday, the 12-nation...

http://chronicle.augusta.com/news/business/2011-06-08/oil-rises-opec-maintains-o
Oil drops below $90 for first time since October

...could still rise later this year, analysts said. Iran could resume its standoff with the West. Or Organization of Petroleum Exporting Countries could pull back on oil production if oil drops too low. And hurricane season is about to begin in...

http://chronicle.augusta.com/news/business/2012-05-23/oil-drops-below-90-first-t
Biz bits

...France's CAC-40 both were up around 1.4 percent. Traders are awaiting Wednesday's meeting of the Organization of Petroleum Exporting Countries in Vienna. President Jose Botelho de Vasconcelos said last week that the group will likely keep output...

http://chronicle.augusta.com/stories/2009/09/08/bus_547347.shtml
Business
Economy Briefs

...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 the continued deterioration of the global economic situation and its...

http://chronicle.augusta.com/stories/2008/11/30/bus_502119.shtml
Business
How to defeat U.S.-hating OPEC

...Talk about a stimulus package! But don't count on oil price relief to last much longer. The Organization of Petroleum Exporting Countries is meeting in Vienna today to plan how much to cut production. Some OPEC ministers are pushing for...

http://chronicle.augusta.com/stories/2008/10/24/edi_480632.shtml
Editorials
OPEC members pushing for huge production cuts

...said their nations might be forced to rethink or cut spending next year. Other oil ministers of the Organization of Petroleum Exporting Countries also said output cuts had to be on the table during their meeting today -- but were well aware that...

http://chronicle.augusta.com/stories/2008/10/24/bus_480671.shtml
Business
Saudi says oil supplies may last 140 years

VIENNA, Austria - The world has tapped only 18 percent of the total global supply of crude, a leading Saudi oil executive said Wednesday, challenging the notion that supplies are petering out.

http://chronicle.augusta.com/stories/2006/09/14/bus_96570.shtml
Business
OPEC to keep production up

...but it also made clear it would consider scaling back production if oil prices keep plummeting. The Organization of Petroleum Exporting Countries - anxious to keep prices already at five-month lows from a free fall - pledged to "vigilantly monitor...

http://chronicle.augusta.com/stories/2006/09/12/bus_96269.shtml
Business