By Henrique Almeida
VIENNA (Reuters) - OPEC’s Angolan president said on Sunday the group’s existing supply curbs had brought some stability to the market, although prices remained too low to encourage investment in new supplies.
The Organization of the Petroleum Exporting Countries decided earlier on Sunday to leave formal output targets unchanged and step up adherence to [...]

OPEC members are expected to decide to cut oil production in March in an attempt to raise oil price to70 U.S. dollars a barrel, Iraqi Oil Minister said on Saturday.
“OPEC members will meet in March, and there is an intention to decide further cut to raise prices,” Hussein al-Shahristani told reporters at a symposium on [...]

By JAD MOUAWAD
After months of gradually closing the oil spigot, members of the OPEC cartel have managed to stop the slide in oil prices — at least for now.
Showing an unusual degree of discipline, members of the Organization of the Petroleum Exporting Countries have slashed their output by more than three million barrels a day [...]

VIENNA, Jan 13 (KUNA) — The price of OPEC basket of 12 crudes on Monday lost USD 1.67 to settle at USD 40.24 per barrel compared with USD 41.94 on Friday.
The annual average of the basket price for 2008 stands at USD 94.45 per barrel, according to the daily bulletin issued by the global [...]

By Maher Chmaytelli and Ayesha Daya
Nov. 30 (Bloomberg) — OPEC deferred a decision on reducing production this year by two weeks to gauge the impact of earlier cuts, as it seeks to push oil prices back up to $75 a barrel.
Crude has dropped 62 percent from July’s record of $147.27 a barrel as the global [...]

NEW YORK (WALL STREET JOURNAL via Dow Jones Newswires),
OPEC members will meet later this month in a bid to halt the tumble in crude prices, amid signs that a global economic slowdown is punishing near-term demand for oil.
The news of the meeting, which analysts expect will result in another production cut, came as oil [...]

By Margot Habiby
Oct. 7 (Bloomberg) — Crude oil rose for the first time in a week, halting a 13 percent decline in the past four days, amid speculation OPEC will curb output because of falling prices.
Oil increased as Libya’s top oil official called for a production cut, and Qatar’s oil minister said the country [...]

VIENNA, Oct. 6 (Xinhua) — The weekly average prices of the Organization of Petroleum Exporting Countries (OPEC) dropped to 90.01 U.S. dollars per barrel last week, the Vienna-based cartel said on Monday.
As the international oil prices kept spiraling lower last week, the OPEC oil prices have plunged for five consecutive trading [...]

ALGIERS (Reuters) - Supply and demand alone will set oil prices in coming months and OPEC will seek to balance the market at its December meeting after recent declines, OPEC President Chakib Khelil said in remarks published on Sunday.
Prices had recently fallen from levels created by “perverse” speculative practices, Algerian government newspaper El Moudjahid [...]