Crude Light Ahead of OPEC

NEW YORK (TheStreet) -- Crude oil is slightly off on light volume ahead of OPEC's meeting. Ray Carbone of Paramount Options does not expect big year end moves.

OPEC Oil Ministers Meeting

Thurs. Oct. 14 2010 | OPEC likely to leave production targets unchanged, with CNBC's Steve Sedgwick.

OPEC: Slow Global Recovery Hurts Oil Demand

June 09, 2010 — FBNs Ashley Webster on whats hurting global oil demand.

OPEC Will Defend Oil at Mid-$60s

OPEC is likely to intervene to stop oil prices from falling to the mid-$60s, believes John Licata, chief commodity strategist at Blue Phoenix and editor of the Commodity Chronicles. He talks commodities, with guest host, Tony Morriss of ANZ, CNBC\'s Oriel Morrison & Sri Jegarajah.

OPEC Oil Output Cuts This Fall unlikely says Khelil Algerian Energy Minister

March 17 (Bloomberg) -- Algerian Energy Minister Chakib Khelil talks with Bloomberg's Francine Lacqua about OPEC's decision today to leave production limits unchanged for the fifth time since 2008. Ministers from the Organization of Petroleum Exporting Countries met today in Vienna. OPEC, which supplies about 40 percent of the world's oil, set its official cap at 24.845 million barrels a day. (Source: Bloomberg)

Oil drops as OPEC keeps quotas steady

The price of crude oil has declined after the Organization of Petroleum Exporting Countries (OPEC) decided to keep production quotas unchanged.

In its ministerial meeting in Angola's capital Luanda on Tuesday, OPEC officially agreed to keep its production quotas steady.

It also called on members to improve their compliance with production cuts which they had agreed upon last year.

Some market analysts believe OPEC may need to get closer to output targets if it wants to keep prices above $70 a barrel going into 2010.
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Russia becomes world biggest oil producer surpassing Saudi Arabia

Russia becomes world's biggest oil producer - 09 Sept 09

For decades the world's major oil producers have tried to control prices by cutting or raising supplies, which relied on all of them sticking to agreed quotas.

But unity amongst oil-rich nations appears to be crumbling.

Now Russia has just overtaken Saudi Arabia as the world's biggest producer and it's done it by failing to keep its promise to slow down production.

Neave Barker reports from Moscow.
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Oil Price heads to $80 as Global Demand for Crude Oil Soars

The international energy Agency raised its forecast for global demand of crude oil , IEA says it sees signs the Recession is bottoming out
CBA's Moore expects oil prices to head to $80 a barrel over 2010.