TOPIC:

OPEC

Watch breaking news videos and read news updates about OPEC on FOXBusiness.com.

LATEST VIDEOS

For Retailers, It's Sink or Swim

11/10/2009|Web Exclusive

For Retailers, It's Sink or SwimWe break down what your favorite retailers are doing to have a successful holiday

Pop-Up Stores: Here Today, Gone Tomorrow

11/10/2009|Web Exclusive

Pop-Up Stores: Here Today, Gone TomorrowFaith Hope Consolo of Prudential Douglas Elliman on what retailers are doing to boost holiday sales.

Huntsman on Dangers of Oil Speculation

10/28/2009|Cavuto

Huntsman on Dangers of Oil SpeculationHuntsman Corp. Executive Chairman Jon Huntsman Sr. on the global energy outlook.

Will Dollar Remain World's Reserve Currency?

10/27/2009|FOX Business

Will Dollar Remain World's Reserve Currency?Brown Brothers Harriman's Marc Chandler on the outlook for the dollar.

TARP Showdown

10/26/2009|Web Exclusive

TARP ShowdownWe break down the impact the government bailout has on American lives.

GM's Bob Lutz on Sales

10/26/2009|FOX Business

GM's Bob Lutz on SalesGM Vice Chairman Bob Lutz on money-back guarantees impact on sales.

Why the Fed Should Raise Rates

10/20/2009|Web Exclusive

Why the Fed Should Raise RatesWhy raising interest rates needs to be part of the Fed's exit strategy.

Inflation: Our Next Worry?

10/15/2009|Web Exclusive

Inflation: Our Next Worry?We break down if inflation will be the next economic hurtle to cross the recovery line.

El Al Airlines CEO on State of Airlines

10/15/2009|Happy Hour on FOX Business

El Al Airlines CEO on State of AirlinesEl Al North America CEO Offer Gat on the state of the airline business.

Inflation Fears Coming to Fruition?

10/15/2009|Web Exclusive

Inflation Fears Coming to Fruition?John Browne of Euro Pacific Capital breaks down how near the country is to inflation.

LATEST STORIES

Oil Advances 1.4% to Above $77 on Dollar Weakness

Reuters| Markets

wheat, corn and soybean futures also advanced more than 1%. MARKET OVERSUPPLIED There was little impact from comments by OPEC 's president, Jose Botelho de Vasconcelos, who said the market was still oversupplied, adding that he was satisfied with

Story|11/16/2009

Oil Falls Below $78 After a Rise Inventory

Reuters| Markets

year. Its forecast for 2010 demand at 86.2 million barrels per day is more bullish than two preceding surveys this week from OPEC and U.S. government agency the Energy Information Administration. HIGH STOCKS But analysts said that traders have already

Story|11/12/2009

Oil Rises Above $79 on Weak Dollar, China

Reuters| Markets

s daily oil consumption. A monthly report by producer group OPEC , due later in the day, could also offer clues on the outlook ..... output growth surged to a 19 month high. Oil producer group OPEC is unlikely to change the current output policy significantly

Story|11/11/2009

Oil Jumps $1 Toward $79 on Hurricane, Dollar

Reuters| Markets

other refiners were receiving roughly steady supplies compared with last month. Some in the Organization of the Petroleum Exporting Countries have raised the possibility of an increase in production when the group meets in December

Story|11/09/2009

Oil Rises to $79 on Bullish Factory Data

Reuters| Markets

in the economy that could raise oil demand. OPEC member Venezuela, however, said Tuesday it ..... output when its ministers meet in December. Some OPEC members have signaled they may call for OPEC to produce more crude if global crude stocks

Story|11/03/2009

Oil Climbs Above $78, China Data Supports

Reuters| Markets

a Reuters survey showing OPEC output had declined slightly ..... time production from non- OPEC Russia reached a new post ..... currency falls. Some in the Organization of the Petroleum Exporting Countries have voiced concern dollar ..... latest Reuters survey found OPEC oil supply had fallen slightly

Story|11/02/2009

Exxon Profit Off Sharply, Misses Expectations

By Steve Gelsi| MarketWatch Pulse| Markets

03 a share. Oil-equivalent production increased nearly 3% from the year-ago period. Excluding the impacts of entitlement volumes, OPEC quota effects and divestments, production was up about 5%. Copyright © 2009 MarketWatch, Inc.

Story|10/29/2009

Oil Rises Above $79 Ahead of Inventory Data

Reuters| Markets

consumer. "At this time it (the oil market) is more dependent on the direction of the dollar than it is on whatever the DOE, OPEC , China or even Goldman Sachs has to say," analysts at the Schork Group said in their daily newsletter. Highlighting skittishness

Story|10/27/2009

Oil Slips Below $80 After Hitting 1-Year High

Reuters| Markets

days old, and think that at some point OPEC spare capacity of about 6 million barrels ..... analyst David Wech in a research note. OPEC Secretary-General Abdullah al-Badri ..... is looking for a fundamental story and OPEC is starting to make some noise," said

Story|10/20/2009

Oil Retreats From One-Year High Above $79

Reuters| Markets

in energy use triggered by the financial crisis. " OPEC spare capacity has reached 6 million barrels per day ..... to around 62 days of forward demand, a number the Organization of the Petroleum Exporting Countries previously would have said was around 10 more than

Story|10/19/2009