...top oil official called for a production cut, and Qatar's oil minister said the country is reducing output in line with quotas. OPEC President Chakib Khelil said yesterday the group will take ''appropriate measures'' to stabilize markets. ''It reassures...
...will have to do something," Shokri Ghanem, chairman of Libya's National Oil Corp, told Reuters on Tuesday. Libya joined fellow OPEC members Iran and Iraq in expressing concern this week about the impact of the crisis on oil demand. OPEC, which pumps two...
...rest, saying that the Russian gas monopoly is not interested in such a structure. âGazprom is not interested in having a Gas-OPEC,â Gazprom spokeswoman Anastasia Ivanova told New Europe from Moscow. âIn a structure thatâs similar to the OPEC, Gazprom is...
...headquarters of what he calls the "conspiratorial roots" of the current worldwide financial disaster -- OPEC. There in front of OPEC headquarters, Klayman plans to hold up a gas pump nozzle he calls a "smoking gun" that ties OPEC to the current financial...
Background
The Organization of the Petroleum Exporting Countries (OPEC) is a group of thirteen states made up of Algeria, Angola, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates, Ecuador, and Venezuela. Recently, Indonesia has decided to quit the organization, though it will remain a member until the end of 2008. The organization has maintained its headquarters in Vienna since 1965, hosting regular meetings between the oil ministers of its member states.
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Timeline
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1 day ago from New Europe News