...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...

...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...

...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...

...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...

...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...

...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...

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.

...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...

...albeit at a slower pace, according to Energy Department data. In its latest monthly report, the Organization of Petroleum Exporting Countries on Tuesday revised its demand-growth forecast for 2006 to 1.42 million barrels a day, down from...

...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...