oil producers

The oil producers' cartel Opec meets in Vienna to discuss possible production cuts as it tries to shore up falling prices.

Iran invites Brazil, which recently announced major untapped oil sources offshore, to join oil producers' cartel Opec.

A meeting of oil producers and consumers has ended in Madrid, with little hope of any reduction in the price of fuel.

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The president of oil producers' cartel Opec tells the BBC crude oil prices could rise still further this week.

Indonesia says it will quit the oil producers' body Opec as it is no longer a net exporter of the commodity.

With oil prices just below $90 a barrel oil-consuming nations were hoping the top group of oil producers would increase output in order to lower prices.

But no such luck. OPEC met in Abu Dhabi and within one hour, decided not to add more oil to global markets.

Oil producers' cartel Opec is likely to keep output steady at a meeting in Abu Dhabi later, ministers say.

Oil prices are little changed ahead of Wednesday's summit of the oil producers' cartel, Opec in Abu Dhabi.

Oil prices are little changed ahead of Wednesday's summit of the oil producers' cartel, Opec in Abu Dhabi.