OPEC

Analysts say OPEC's decision is less about raising prices, and more about stopping them from falling further.

OPEC oil producing countries are scheduled to meet in Vienna on Thursday to discuss possible production cuts as a way to boost prices. Oil prices have been sliding in recent months. At the recent G-20 meeting, Russian and Saudi Arabian leaders signaled a willingness to work toward cuts, but what might that mean? Click the […]

The Persian Gulf state of Qatar, one of the smallest members of the Organization of Petroleum Exporting Countries, will leave the cartel in January after nearly six decades. Qatar said the move allows it to focus on its natural gas industry. Qatar’s decision says a lot about the growth of natural gas in the world’s […]

Tight supply and healthy demand help, too.

OPEC meetings are underway in Vienna, and for now, indications are that oil-producing countries will agree to lift some of the production limits they set 18 months ago. We look into how any changes out of the OPEC summit could ripple through the global economy. Click the audio player above to hear the full story. 

Representatives from oil producing nations are in Vienna for the biannual OPEC summit. The organization’s most recent agreement capped production. But demand is soaring, so some significant changes could come out of this round of meetings. That’s because of varying goals among oil producing countries. Click the audio player above to hear the full story.