VIENNA, Dec. 12 (UPI) -- The Organization of Petroleum Exporting Countries is likely to announce further production cuts at its meeting in Algeria next week, sources say.

NEW YORK, Dec. 9 (UPI) -- Crude oil prices fell Tuesday on the New York Mercantile Exchange after the U.S. Department of Energy predicted a $51.17 per barrel average for 2009.

NEW YORK, Dec. 8 (UPI) -- Crude oil prices rose on the New York Mercantile Exchange Monday after an OPEC leader warned of steep production cuts.

NEW YORK, Dec. 3 (UPI) -- Crude oil prices fell slightly on the New York Mercantile Exchange Wednesday following an OPEC request to have Russia and others join their ranks.

CAIRO, Nov. 26 (UPI) -- The president of the Organization of Petroleum Exporting Countries said that production cuts would be considered in unofficial meetings in Cairo this week.

OPEC will wait to cut more oil production; Canadian oil sands project delayed; Kazakhstan, Azerbaijan sign oil deal.

NEW YORK, Oct. 20 (UPI) -- Crude oil prices rose on the New York Mercantile Exchange Monday amid reports the Organization of Petroleum Exporting Countries plans to cut production.

TEHRAN, Aug. 11 (UPI) -- Major oil-producing nations in the Persian Gulf region should maintain current output quotas, officials said at a meeting in Tehran Monday.

OPEC won't increase output this winter; oil exploration is set to begin in Chile; ExxonMobil will convert gas to liquids in Nigeria.