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Crude oil less than $100 per barrel for first time since July

NEW YORK, Oct. 21 (UPI) -- Crude oil prices dropped to less than $100 per barrel Monday in New York for the first time since July.

Iran wants top job at OPEC

TEHRAN, April 22 (UPI) -- Iran may seek OPEC's top secretary-general position after Riyadh backed away from the position, Iranian Oil Minister Rostam Qassemi said.

Crude oil holds above $86

NEW YORK, Sept. 20 (UPI) -- Crude oil prices shifted slightly higher in New York Tuesday, reaching $86 per barrel after a sharp fall Monday.
OPEC leaves production unchanged

OPEC leaves production unchanged

VIENNA, June 8 (UPI) -- The world's largest oil cartel, in a meeting in Vienna, said it could not agree on a production increase, which sent oil prices in New York higher Wednesday.

Crude oil prices rise slightly

NEW YORK, Jan. 29 (UPI) -- Crude oil prices rose slightly on the New York Mercantile Exchange as an OPEC official said more production cuts were possible.
OPEC calls production cuts possible

OPEC calls production cuts possible

DAVOS, Switzerland, Jan. 29 (UPI) -- OPEC Secretary General Abdalla Salem El-Badri told world leaders in Switzerland that oil priced at $50 a barrel would not fund new oil field development.

OPEC, Kremlin hold talks on markets

MOSCOW, Oct. 23 (UPI) -- Kremlin and OPEC officials met in Moscow to hold talks on the status of the world oil market as Russia moves ahead with an energy troika.

Analysis: The OPEC view on high prices

RIYADH, Saudi Arabia, Nov. 16 (UPI) -- When the price of oil shoots up, the world's consumers put the bulls-eye on the producers' cartel. OPEC Secretary General Abdalla Salem El-Badri told United Press International the target should be a swath of factors holding the price above $90 per barrel, but not OPEC's supply of oil.
BEN LANDO, UPI Energy Editor

OPEC: No plans to move from dollar

RIYADH, Saudi Arabia, Nov. 15 (UPI) -- OPEC is not looking to move away from the weakening U.S. dollar as the main currency of the oil trade, its secretary-general said in Riyadh, Saudi Arabia.

OPEC and Brazil not in discussions

RIYADH, Saudi Arabia, Nov. 15 (UPI) -- OPEC and Brazil are not in talks, the oil cartel's head said in Riyadh, Saudi Arabia, after recent announcements of a major oil find off its southeast coast.

Oil market well supplied, says OPEC head

RIYADH, Saudi Arabia, Nov. 15 (UPI) -- The top OPEC official said in Riyadh, Saudi Arabia, the oil market has "enough" supply, defending the cartel's production as oil prices pass $90 per barrel.

OPEC agrees to hike output 500,000 barrels

VIENNA, Sept. 11 (UPI) -- OPEC will raise its daily output by 500,000 barrels a day, or 2 percent, to meet an expected winter consumption surge, the cartel said in Vienna Tuesday.

UPI Energy Watch

OPEC hints at keeping production steady; Blast in Iran-Turkey pipeline disrupts supplies; India mulls raising gasoline, diesel prices
KRISHNADEV CALAMUR, UPI International Security Editor
Photos
Abdalla Salem el-Badri
Iranian Minister of Oil Masoud Mir Kazemi (L) and Secretary General of OPEC Abdalla Salem El Badri attend a ceremony to mark the 50th anniversary of the establishment of the Organization of Petroleum Exporting Countries (OPEC) in Tehran, Iran on April 19,2011. UPI/Maryam Rahmanian
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