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OPEC

OPEC

  1. OPEC obviously has to accommodate Iraq's increased production
    SOURCE: Houston Chronicle 3 days ago
  2. Later this year, OPEC will have to think about whether they are comfortable with higher prices. We expect continued draw downs in inventories and rising prices assuming the global economic recovery continues.
    SOURCE: Business Week 4 days ago
  3. OPEC has obviously been quite happy with the current price range
    SOURCE: Business Week 4 days ago
  4. Practically every minister has been on record saying that OPEC will be keeping quotas where they are, while the cartel's members -- with the exception of the Saudis and a few other Gulf countries -- are producing as much oil as they can despite restrictions, dragging overall compliance to between 53%-60...
    SOURCE: MarketWatch 4 days ago
  5. As for OPEC, expectations that it will leave production targets unchanged are now well factored in prices, so the market will place focus more on the weekly U.S. inventory report instead
    SOURCE: ddi News 4 days ago
  6. The broad consensus is that OPEC will leave production rates unchanged, and I can’t see any reason why they wouldn’t
    SOURCE: Business Week 4 days ago
  7. Fundamentals (of supply and demand) will be back in focus again also as OPEC meets tomorrow in Vienna where we expect the exporting group to leave output policy as is
    SOURCE: China Post 4 days ago
  8. Although OPEC is prone to pulling surprises, few would bet against a rollover
    SOURCE: Business Week 4 days ago
  9. The OPEC decision is baked in the cake.
    SOURCE: The Age 4 days ago
  10. I think we should keep things as they are, to roll over, because the demand hasn't really increased to a point that OPEC should reconsider its previous decisions
    SOURCE: FOX Business 4 days ago
  11. OPEC should not take any decision to change production
    SOURCE: Middletown Journal 4 days ago
  12. It is expected the OPEC production remains unchanged in the coming gathering, because evidence shows that the market situation has not changed considerably
    SOURCE: United Press International 4 days ago
  13. It is better for OPEC countries to maintain the current output ceiling unchanged.
    SOURCE: Middle East North Africa Financial Network 4 days ago
  14. OPEC does not need to change its output levels
    SOURCE: Middle East North Africa Financial Network 4 days ago
  15. Although oil companies have been cushioned from the recession by OPEC's action on quotas and oil prices, Shell has been disadvantaged recently, due to our higher exposure to refining
    SOURCE: Houston Chronicle 4 days ago
  16. Although oil companies have been cushioned from the recession by OPEC's action on quotas and oil prices, Shell has been disadvantaged recently, due to our higher exposure to refining and natural gas, where margins are hard-wired to the economy
    SOURCE: MarketWatch 5 days ago
  17. Angola transmitted the presidency of OPEC to Ecuador with the sentiment of having accomplished its mission of producing country
    SOURCE: AllAfrica.com 5 days ago
  18. OPEC will have to show its mettle
    SOURCE: Tulsa World 5 days ago
  19. Macroeconomic data is relatively scarce this week and we expect renewed focus on fundamentals (of supply and demand), also with OPEC's scheduled meeting on Wednesday
    SOURCE: China Post 5 days ago
  20. Crude oil prices fell... due to a strengthening US dollar, while investors remain cautious ahead of a busy week in economic figures and the OPEC meeting in Vienna
    SOURCE: Channel News Asia 5 days ago
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About OPEC

Wikipedia

The Organization of Petroleum Exporting Countries (OPEC) is a cartel of twelve countries made up of Algeria, Angola, Ecuador, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates, and Venezuela. The organization has maintained its headquarters in Vienna since 1965, and hosts regular meetings among the oil ministers... Full Article

Related Photos

Qatar's Deputy Prime Minister of Energy and Industry Abdullah bin Hamad Al Attiyah arrives for a meeting of the Organization of the Petroleum Exporting Countries, OPEC, at their new headquarters in Vienna, Austria, on Wednesday, March 17, 2010.
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  1. A general view of the meeting of oil ministers and their delegations of the Organization of the Petroleum Exporting countries , OPEC, as they gather at the OPEC's new headquarters in Vienna, Austria, on Wednesday, March 17, 2010. AP Photo logo AP Photo 4 days ago

    A general view of the meeting of oil ministers and their delegations of the Organization of the Petroleum Exporting countries , OPEC, as they gather at the OPEC's new headquarters in Vienna, Austria, on Wednesday, March 17, 2010.

    View Photo »
  2. Qatar's Deputy Prime Minister of Energy and Industry Abdullah bin Hamad Al Attiyah arrives for a meeting of the Organization of the Petroleum Exporting Countries, OPEC, at their new headquarters in Vienna, Austria, on Wednesday, March 17, 2010. AP Photo logo AP Photo 4 days ago

    Qatar's Deputy Prime Minister of Energy and Industry Abdullah bin Hamad Al Attiyah arrives for a meeting of the Organization of the Petroleum Exporting Countries, OPEC, at their new headquarters in Vienna, Austria, on Wednesday, March 17, 2010.

    View Photo »
  3. Austrian police guard the new headquarters of the Organization of the Petroleum Exporting Countries, OPEC, during a meeting of OPEC's oil ministers in Vienna, Austria, on Wednesday, March 17, 2010. AP Photo logo AP Photo 4 days ago

    Austrian police guard the new headquarters of the Organization of the Petroleum Exporting Countries, OPEC, during a meeting of OPEC's oil ministers in Vienna, Austria, on Wednesday, March 17, 2010.

    View Photo »
  4. Ecuador's Minister of non-renewable natural resources and President of the conference Germanico Alfredo Pinto Troya arrives for a meeting of the Organization of the Petroleum Exporting Countries, OPEC, at their new headquarters in Vienna, Austria, on Wednesday, March 17, 2010. AP Photo logo AP Photo 4 days ago

    Ecuador's Minister of non-renewable natural resources and President of the conference Germanico Alfredo Pinto Troya arrives for a meeting of the Organization of the Petroleum Exporting Countries, OPEC, at their new headquarters in Vienna, Austria, on Wednesday, March 17, 2010.

    View Photo »
  5. Kuwait's Minister of Oil and Information Sheikh Ahmad Abdullah Al-Jaber Al-Ahmad Al-Sabah is all smiles as he speaks to journalists prior to the start of the meeting of the Organization of the Petroleum Exporting Countries, OPEC, at their new headquarters in Vienna, Austria, on Wednesday,... AP Photo logo AP Photo 4 days ago

    Kuwait's Minister of Oil and Information Sheikh Ahmad Abdullah Al-Jaber Al-Ahmad Al-Sabah is all smiles as he speaks to journalists prior to the start of the meeting of the Organization of the Petroleum Exporting Countries, OPEC, at their new headquarters in Vienna, Austria, on Wednesday,...

    View Photo »
  6. Nigeria's Minister of Petroleum Resources Rilwanu Lukman waits for the start of a meeting of the Organization of the Petroleum Exporting Countries, OPEC, at their new headquarters in Vienna, Austria, on Wednesday, March 17, 2010. AP Photo logo AP Photo 4 days ago

    Nigeria's Minister of Petroleum Resources Rilwanu Lukman waits for the start of a meeting of the Organization of the Petroleum Exporting Countries, OPEC, at their new headquarters in Vienna, Austria, on Wednesday, March 17, 2010.

    View Photo »
  7. Mohamed bin Dhaen Al Hamli, Minister of Energy from the United Arab Emirates speaks to journalists prior to the start of the meeting of the Organization of the Petroleum Exporting Countries, OPEC, at their new headquarters in Vienna, Austria, on Wednesday, March 17, 2010. AP Photo logo AP Photo 4 days ago

    Mohamed bin Dhaen Al Hamli, Minister of Energy from the United Arab Emirates speaks to journalists prior to the start of the meeting of the Organization of the Petroleum Exporting Countries, OPEC, at their new headquarters in Vienna, Austria, on Wednesday, March 17, 2010.

    View Photo »
  8. Minister of Energy from the United Arab Emirates Mohamed bin Dhaen Al Hamli arrives for a meeting of the Organization of the Petroleum Exporting Countries, OPEC, at their new headquarters in Vienna, Austria, on Wednesday, March 17, 2010. AP Photo logo AP Photo 4 days ago

    Minister of Energy from the United Arab Emirates Mohamed bin Dhaen Al Hamli arrives for a meeting of the Organization of the Petroleum Exporting Countries, OPEC, at their new headquarters in Vienna, Austria, on Wednesday, March 17, 2010.

    View Photo »
  9. Kuwait's Minister of Oil and Information Sheikh Ahmad Abdullah Al-Jaber Al-Ahmad Al-Sabah arrives for a meeting of the Organization of the Petroleum Exporting Countries, OPEC, at their new headquarters in Vienna, Austria, on Wednesday, March 17, 2010. AP Photo logo AP Photo 4 days ago

    Kuwait's Minister of Oil and Information Sheikh Ahmad Abdullah Al-Jaber Al-Ahmad Al-Sabah arrives for a meeting of the Organization of the Petroleum Exporting Countries, OPEC, at their new headquarters in Vienna, Austria, on Wednesday, March 17, 2010.

    View Photo »
  10. Ali Ibrahim Naimi, center, Saudi Arabia's Minister of Petroleum and Mineral Resources, arrives for a meeting of the Organization of the Petroleum Exporting Countries, OPEC, at their new headquarters in Vienna, Austria, on Wednesday, March 17, 2009. AP Photo logo AP Photo 4 days ago

    Ali Ibrahim Naimi, center, Saudi Arabia's Minister of Petroleum and Mineral Resources, arrives for a meeting of the Organization of the Petroleum Exporting Countries, OPEC, at their new headquarters in Vienna, Austria, on Wednesday, March 17, 2009.

    View Photo »
  11. Iraq's Minister of Oil Hussain Al-Shahristani talks to journalists prior to the start of the meeting of Organization of the Petroleum Exporting Countries, OPEC, at their new headquarters in Vienna, Austria, on Wednesday, March 17, 2010. AP Photo logo AP Photo 4 days ago

    Iraq's Minister of Oil Hussain Al-Shahristani talks to journalists prior to the start of the meeting of Organization of the Petroleum Exporting Countries, OPEC, at their new headquarters in Vienna, Austria, on Wednesday, March 17, 2010.

    View Photo »
  12. Chakib Khelil, Minister of Energy and Mines from Algeria, arrives for a meeting of the Organization of the Petroleum Exporting Countries, OPEC, at their new headquarters in Vienna, Austria, on Wednesday, March 17, 2009. AP Photo logo AP Photo 4 days ago

    Chakib Khelil, Minister of Energy and Mines from Algeria, arrives for a meeting of the Organization of the Petroleum Exporting Countries, OPEC, at their new headquarters in Vienna, Austria, on Wednesday, March 17, 2009.

    View Photo »
  13. Ecuador's Minister of non-renewable natural resources and President of the OPEC Germanico Conference Alfredo Pinto Troya gestures as he talks during a news conference after a meeting of the Organization of the Petroleum Exporting Countries, OPEC, at their headquarters in Vienna, Austria,... AP Photo logo AP Photo 4 days ago

    Ecuador's Minister of non-renewable natural resources and President of the OPEC Germanico Conference Alfredo Pinto Troya gestures as he talks during a news conference after a meeting of the Organization of the Petroleum Exporting Countries, OPEC, at their headquarters in Vienna, Austria,...

    View Photo »
  14. Ecuador's Minister of non-renewable natural resources and President of the conference Germanico Alfredo Pinto Troya, left, and OPEC's Secretary General Abdalla Salem El-Badri, right, from Libya start a news conference after a meeting of the Organization of the Petroleum Exporting Countries,... AP Photo logo AP Photo 4 days ago

    Ecuador's Minister of non-renewable natural resources and President of the conference Germanico Alfredo Pinto Troya, left, and OPEC's Secretary General Abdalla Salem El-Badri, right, from Libya start a news conference after a meeting of the Organization of the Petroleum Exporting Countries,...

    View Photo »
  15. Libyan Chairman of the Managment Committee of the National Oil Corporation Shokri M Ghanem smiles as he arrives for a meeting of the Organization of the Petroleum Exporting Countries, OPEC, at their new headquarters in Vienna, Austria, on Wednesday, March 17, 2010. AP Photo logo AP Photo 4 days ago

    Libyan Chairman of the Managment Committee of the National Oil Corporation Shokri M Ghanem smiles as he arrives for a meeting of the Organization of the Petroleum Exporting Countries, OPEC, at their new headquarters in Vienna, Austria, on Wednesday, March 17, 2010.

    View Photo »
  16. Algeria's Minister of Energy and Mines Chakib Khelil, Iraq's Minister of Oil Hussain Al-Shahristani, Libyan Chairman of the Managment Committee of the National Oil Corporation Shokri M Ghanem, Saudi Arabia's Minister of Petroleum and Mineral Resources Ali Ibrahim Naimi, Kuwait's Minister... AP Photo logo AP Photo 4 days ago

    Algeria's Minister of Energy and Mines Chakib Khelil, Iraq's Minister of Oil Hussain Al-Shahristani, Libyan Chairman of the Managment Committee of the National Oil Corporation Shokri M Ghanem, Saudi Arabia's Minister of Petroleum and Mineral Resources Ali Ibrahim Naimi, Kuwait's Minister...

    View Photo »
  17. Jose Maria Botelho de Vasconcelos, Minister of Petroleum from Angola, gestures as he speaks to journalists prior to the start of the meeting of the Organization of the Petroleum Exporting Countries, OPEC, at their new headquarters in Vienna, Austria, on Wednesday, March 17, 2010. AP Photo logo AP Photo 4 days ago

    Jose Maria Botelho de Vasconcelos, Minister of Petroleum from Angola, gestures as he speaks to journalists prior to the start of the meeting of the Organization of the Petroleum Exporting Countries, OPEC, at their new headquarters in Vienna, Austria, on Wednesday, March 17, 2010.

    View Photo »
  18. Iran's Minister of Petroleum Masoud Mir-Kazemi gestures as he speaks to journalists prior to the start of the meeting of the Organization of the Petroleum Exporting Countries, OPEC, at their new headquarters in Vienna, Austria, on Wednesday, March 17, 2010. AP Photo logo AP Photo 4 days ago

    Iran's Minister of Petroleum Masoud Mir-Kazemi gestures as he speaks to journalists prior to the start of the meeting of the Organization of the Petroleum Exporting Countries, OPEC, at their new headquarters in Vienna, Austria, on Wednesday, March 17, 2010.

    View Photo »
  19. Austria's Foreign Minister Michael Spindelegger, Qatar's Deputy Premier and Minister of Energy and Industry Abdullah bin Hamad Al Attiyah, OPEC's Secretary General Abdalla Salem El Badri and Ecuador's Minister of non-renewable natural resources and President of the conference Germanico Alfredo... AP Photo logo AP Photo 4 days ago

    Austria's Foreign Minister Michael Spindelegger, Qatar's Deputy Premier and Minister of Energy and Industry Abdullah bin Hamad Al Attiyah, OPEC's Secretary General Abdalla Salem El Badri and Ecuador's Minister of non-renewable natural resources and President of the conference Germanico Alfredo...

    View Photo »
  20. Qatar's Deputy Premier and Minister of Energy and Industry Abdullah bin Hamad Al Attiyah gestures as he speaks to journalists prior to the start of the meeting of the Organization of the Petroleum Exporting Countries, OPEC, at their new headquarters in Vienna, Austria, on Wednesday, March... AP Photo logo AP Photo 4 days ago

    Qatar's Deputy Premier and Minister of Energy and Industry Abdullah bin Hamad Al Attiyah gestures as he speaks to journalists prior to the start of the meeting of the Organization of the Petroleum Exporting Countries, OPEC, at their new headquarters in Vienna, Austria, on Wednesday, March...

    View Photo »
  21. Nigeria's Minister of Petroleum Resources Rilwanu Lukman, right, shares a word with Saudi Arabia's Minister of Petroleum and Mineral Resources Ali Ibrahim Naimi, left, prior to the start of the meeting of Organization of the Petroleum Exporting Countries, OPEC, at their new headquarters... AP Photo logo AP Photo 4 days ago

    Nigeria's Minister of Petroleum Resources Rilwanu Lukman, right, shares a word with Saudi Arabia's Minister of Petroleum and Mineral Resources Ali Ibrahim Naimi, left, prior to the start of the meeting of Organization of the Petroleum Exporting Countries, OPEC, at their new headquarters...

    View Photo »
  22. Ali Ibrahim Naimi, Saudi Arabia's Minister of Petroleum and Mineral Resources, gestures as he speaks to journalists prior to the start of the meeting of the Organization of the Petroleum Exporting Countries, OPEC, at their new headquarters in Vienna, Austria, on Wednesday, March 17, 2010. AP Photo logo AP Photo 4 days ago

    Ali Ibrahim Naimi, Saudi Arabia's Minister of Petroleum and Mineral Resources, gestures as he speaks to journalists prior to the start of the meeting of the Organization of the Petroleum Exporting Countries, OPEC, at their new headquarters in Vienna, Austria, on Wednesday, March 17, 2010.

    View Photo »
  23. Libyan Chairman of the Managment Committee of the National Oil Corporation Shokri M Ghanem talks to journalists prior to the start of the meeting of the Organization of the Petroleum Exporting Countries, OPEC, at their new headquarters in Vienna, Austria, on Wednesday, March 17, 2010. AP Photo logo AP Photo 4 days ago

    Libyan Chairman of the Managment Committee of the National Oil Corporation Shokri M Ghanem talks to journalists prior to the start of the meeting of the Organization of the Petroleum Exporting Countries, OPEC, at their new headquarters in Vienna, Austria, on Wednesday, March 17, 2010.

    View Photo »
  24. Germanico Alfredo Pinto Troya, Ecuador's Minister of non-renewable natural resources and President of the conference, talks to journalists prior to the start of the meeting of the Organization of the Petroleum Exporting Countries, OPEC, at their new headquarters in Vienna, Austria, on Wednesday,... AP Photo logo AP Photo 4 days ago

    Germanico Alfredo Pinto Troya, Ecuador's Minister of non-renewable natural resources and President of the conference, talks to journalists prior to the start of the meeting of the Organization of the Petroleum Exporting Countries, OPEC, at their new headquarters in Vienna, Austria, on Wednesday,...

    View Photo »
  25. Nigeria's Minister of Petroleum Resources Rilwanu Lukman, left, welcomes Abdullah bin Hamad Al Attiyah, Qatar's Deputy Prime Minister of Energy and Industry, right, prior to the start of the meeting of the Organization of the Petroleum Exporting Countries, OPEC, at their new headquarters... AP Photo logo AP Photo 4 days ago

    Nigeria's Minister of Petroleum Resources Rilwanu Lukman, left, welcomes Abdullah bin Hamad Al Attiyah, Qatar's Deputy Prime Minister of Energy and Industry, right, prior to the start of the meeting of the Organization of the Petroleum Exporting Countries, OPEC, at their new headquarters...

    View Photo »
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AP Photo logo AP Photo 4 days ago

Qatar's Deputy Prime Minister of Energy and Industry Abdullah bin Hamad Al Attiyah arrives for a meeting of the Organization of the Petroleum Exporting Countries, OPEC, at their new headquarters in Vienna, Austria, on Wednesday, March 17, 2010.

View Photo »
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  4. Barack Obama Barack Obama
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  6. Unemployment Unemployment

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Related Quotes

  • Previous
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  • 1/25
  1. The broad consensus is that OPEC will leave production rates unchanged, and I can’t see any reason why they wouldn’t
    SOURCE: Business Week 4 days ago
  2. Fundamentals (of supply and demand) will be back in focus again also as OPEC meets tomorrow in Vienna where we expect the exporting group to leave output policy as is
    SOURCE: China Post 4 days ago
  3. Although OPEC is prone to pulling surprises, few would bet against a rollover
    SOURCE: Business Week 4 days ago
  4. The OPEC decision is baked in the cake.
    SOURCE: The Age 4 days ago
  5. I think we should keep things as they are, to roll over, because the demand hasn't really increased to a point that OPEC should reconsider its previous decisions
    SOURCE: FOX Business 4 days ago
  6. OPEC should not take any decision to change production
    SOURCE: Middletown Journal 4 days ago
  7. It is expected the OPEC production remains unchanged in the coming gathering, because evidence shows that the market situation has not changed considerably
    SOURCE: United Press International 4 days ago
  8. It is better for OPEC countries to maintain the current output ceiling unchanged.
    SOURCE: Middle East North Africa Financial Network 4 days ago
  9. OPEC does not need to change its output levels
    SOURCE: Middle East North Africa Financial Network 4 days ago
  10. Although oil companies have been cushioned from the recession by OPEC's action on quotas and oil prices, Shell has been disadvantaged recently, due to our higher exposure to refining
    SOURCE: Houston Chronicle 4 days ago
  11. Although oil companies have been cushioned from the recession by OPEC's action on quotas and oil prices, Shell has been disadvantaged recently, due to our higher exposure to refining and natural gas, where margins are hard-wired to the economy
    SOURCE: MarketWatch 5 days ago
  12. Angola transmitted the presidency of OPEC to Ecuador with the sentiment of having accomplished its mission of producing country
    SOURCE: AllAfrica.com 5 days ago
  13. OPEC will have to show its mettle
    SOURCE: Tulsa World 5 days ago
  14. Macroeconomic data is relatively scarce this week and we expect renewed focus on fundamentals (of supply and demand), also with OPEC's scheduled meeting on Wednesday
    SOURCE: China Post 5 days ago
  15. Crude oil prices fell... due to a strengthening US dollar, while investors remain cautious ahead of a busy week in economic figures and the OPEC meeting in Vienna
    SOURCE: Channel News Asia 5 days ago
  16. The OPEC members will get away with as much as they can as long as the financial players are boosting prices through speculation
    SOURCE: FOX News 5 days ago
  17. Highly compliant Gulf producers will call for quota discipline, but it will not be a pressing issue at OPEC's next meeting since oil price is high, demand is rising and outlook is positive
    SOURCE: Taiwan News 5 days ago
  18. If you take the average forecast for OPEC demand, you're looking at 29.2 million bpd, which is in line with production. That's an indication that things will be the same until the end of the year
    SOURCE: Financial Post 5 days ago
  19. In fact it’s part of the bullish story, because non-OPEC supply has already hit a plateau so only OPEC can meet long-term global demand growth.
    SOURCE: Business Week 6 days ago
  20. If the OPEC rig count is increasing, and OPEC has plans to grow capacity down the road, that doesn’t strike me as bearish
    SOURCE: Business Week 6 days ago
  21. Despite OPEC’s production capacity goals being very aggressive, I think a large part of it will be sustainable ... The chances for spare capacity increasing are larger than it narrowing. This potentially puts a ceiling on oil prices. Even if demand increases strongly, price increases should be dampened.
    SOURCE: Business Week 6 days ago
  22. The idea of Islamic Republic of Iran is not to increase production and OPEC should not take any decision to change production
    SOURCE: ABC News 6 days ago
  23. This means that OPEC has de facto already increased its production
    SOURCE: Wall Street Journal 6 days ago
  24. OPEC will ask its members to comply with their quotas until the economic crisis is over.
    SOURCE: The National Newspaper 6 days ago
  25. At the next OPEC meeting, changes in policy will not be necessary
    SOURCE: eTaiwan News 6 days ago