Opec Meetings


VIENNA - OPEC is "comfortable" with current oil prices and does not want to "rock the boat" as the world recovers from its worst recession in decades, the group's secretary general said Tuesday, while acknowledging that the group faces abundant challenges in a rapidly changing market.

VIENNA - OPEC oil ministers on Wednesday opted to keep their output targets unchanged in a bid to keep prices at present levels and send a message of stability to energy-hungry economies struggling to emerge from recession.

NEW YORK - Oil prices climbed back to near $82 on Tuesday as fresh housing data calmed investor concerns over the Federal Reserve's meeting on interest rates.

VIENNA - Saudi Arabia's oil minister said Tuesday he expected OPEC to keep output steady for the rest of this year, in comments reflecting expectations that crude prices and supply are in sync with the fitfully recovering world economy.

VIENNA - Saudi Arabia's oil minister says he expects OPEC oil production to remain steady for the rest of the year.
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