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OPEC Fails to Decide on Changing Oil Quotas - Iranian Minister

News / Independent News : RIA Novosti

At its last meeting in June, OPEC made a historic decision to maintain oil production levels despite a slump in global oil prices.

Oil Slumps As OPEC Struggles To Define Its Own Production Quota

Business & Finance : Forbes: Business

Oil benchmarks dropped following a decision by Organization of Petroleum Exporting Countries (OPEC), the 12 member oil producers’ collective, to roll over its 'current' production quota, last set at 30m barrels of oil (bpd), at the ...

OPEC desperately looking for a deal, any deal

News : Reuters Breakingviews Blog

Global oil markets are fragile, but it might not matter whether the cartel maintains or increases its output target when it meets later this week. Quotas are already ignored. After OPEC’s last acrimonious get together, simply reachi...

OPEC Crashed the U.S. Rig Count

Utilities / Energy : The Energy Collective

Last November, after several months of plummeting crude oil prices, the OPEC met to discuss the oil production quotas for each country in the months ahead. Many expected OPEC to cut production. Instead, OPEC announced that they woul...

The Bickering Begins: Iraq Disagrees With OPEC's Method Of Oil Production Estimates

Business & Finance : Zero Hedge

The ink on the OPEC "deal" is not dry yet, and in fact it won't be until November when the actual deal which breaks down the oil production quota for every OPEC member is ratified - if that ever happens - and already the bickering h...


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