1. Pardon my ignorance, but what does OPEC stand for?

2. OPEC production is holding at around 21.5 million barrels a day.

3. Each member of OPEC would seek to maximize its own production.

4. OPEC has agreed to freeze its global oil production slightly in order to firm up crude prices.

5. OPEC is an organization of 13 major oil producers.

6. These pressures have been tearing OPEC apart.

7. After years in the doldrums, Opec has grabbed centre stage once more.

8. Richardson was reluctant to blame OPEC for this budding return to energy malaise.

9. This would be the first time OPEC has changed its quota in 2 1 / 2 years.

10. This year he toured all Opec countries to invite them to the summit.

11. A summit meeting of OPEC leaders was called to find a solution to the oil crisis.

12. Lukman, now foreign minister, was re-elected OPEC president in November.

13. Despite attempts to prevent this by OPEC, the price of oil plummeted in 1986.

14. The Caracas meeting, only the second heads-of-state Opec summit since 1975, will examine that adjustment mechanism.

15. Opec is to increase production by 1.45m barrels a day in an attempt to stem rising prices.

16. OPEC is still skating on thin ice.

17. Non - OPEC oil production has continued to rise.

18. OPEC wants to monopolize oil.

19. All the OPEC opal in the Opel is opaque.

20. IEA says Opec must lift output to meet demand.

21. Members of Opec agreed to cut oil production last year in response to the economic crisis.

22. Also yesterday, at a meeting in Saudi Arabia, the Organization of Petroleum Exporting Countries (OPEC) focused on new technologies that could ensure a cleaner use of oil and natural gas.

23. The latest drop came after members of OPEC, who had gathered for an emergency meeting in Cairo at the weekend, failed to agree to cut output quotas, despite tumbling demand.

23. is a online sentence dictionary, on which you can find good sentences for a large number of words.

24. He demanded OPEC members make right decisions and seek a consensus in the forthcoming ministerial meeting in the western Algerian town of Oran.

25. The agreement sets the ceiling of twenty-two-point-five million barrels a day on OPEC production.

26. The oil-producing countries joined together under the banner of OPEC.

27. Our domestic oil had been price-controlled since 1973, to keep oil companies from reaping a windfall at the higher OPEC price.

28. Concern about slowing demand for petrol and a recent fall in crude prices has pushed Opec towards tough action on supply.

29. One final point must be made clear to the reader regarding OPEC and Middle East oil supplies.

30. Russia upped the ante in its faceoff with the West by proposing 'extensive cooperation' with the OPEC oil cartel, an idea that would stir concerns among big oil-consuming countries like the U. S.

31. The oil market still seems over-supplied, given ample inventories, an increase in OPEC and non-OPEC production, and high surplus capacity within OPEC.

32. Saudi Arabia possesses 25% of the world"s proven petroleum reserves, ranks as the largest exporter of petroleum, and plays a leading role in OPEC.

33. OPEC is now almost back to its previous peak production, and will reach that level later this year to fuel recovering economies.

34. In the past, non - OPEC firms would have more than compensated for the cartel's reticence to invest.

35. The decision was confirmed by OPEC President Wilson Pastor following a ministerial meeting Thursday afternoon.

36. Following the meeting OPEC oil ministers said they will stick to present output levels set in December.

37. With oil inventories high, OPEC normally would cut output quotas.

38. Since last year, OPEC has cut its crude oil output of 420 million barrels per day.

39. They also welcomed their thirteenth member, Ecuador, which rejoined OPEC in November.

40. I spoke with King Fahd of Saudi Arabia about the possibility of OPEC increasing its production.

41. But are risks for OPEC pursuing such a high oil - price policy.

42. OPEC , the Organization of Petroleum Exporting Countries, was producing at close to its maximum rate.

43. Yesterday, the Energy Department's Energy Administration reiterated its call for OPEC to increase production.

44. Since 1993 OPEC, the oil cartel dominated by Saudi Arabia, has kept its output constant at around 25m barrels a day.

45. At that point, Japan, along with Saudi Arabia and other OPEC (Organization of Petroleum Exporting Countries) nations, came to the rescue.

46. Later in the year, however, oil prices could ease since supplies from both OPEC and non-OPEC sources are expected to increase, said Sara Banaszak, senior economist at the American Petroleum Institute.

47. With oil prices at historic high, there is speculation that OPEC will decide to increase production.

48. While an actual alliance with OPEC seems far-fetched, concerns already run high in the U. S. and Europe that Moscow is trying to increase its chokehold over Europe's energy needs.

49. OPEC second big oil - producing country Iran also appeals to the underproduction.

50. The other, the Organization of Petroleum Exporting Countries OPEC that the data showed last week, OPEC crudes basket price drop 39.02 per barrel to the United States.

51. TEHRAN, Iran - June 26 Acting Oil Minister Mohammad Ali Liebadi 26, reiterated that Iran will continue to oppose parts of the country's oil consumption increased OPEC production quota requirements.

52. On the flip side, OPEC is likely to broadly maintain supply curbs over the coming months and this could provide some price support.

53. OPEC ministers are in Riyadh, Saudi Arabia this weekend to discuss the skyrocketing price of oil on the world market.

54. Thailand proposed an OPEC - style cartel for rice, an idea that went nowhere.

55. The success of OPEC has inspired countries exporting primary products other than oil.

56. The Organization of Petroleum Exporting Countries has scrambled since September to stem the fall in oil prices, which is putting pressure on OPEC budgets from Ecuador to Kuwait.

57. His position could cause tension with Iran. Since the Iran-Iraq war, the two countries have had a gentlemen's agreement to maintain similar quotas within Opec.

58. Status Offline sentence 1. OPEC ministers begin meeting in Austria in a few hours awaiting the ministers' decision on what the future level of oil production should be.

59. What oil price will the Organization of Petroleum Exporting Countries (OPEC) decide on at its next meeting?

60. He added: " That would a clear signal that Opec means business. "

61. Mr. Rudd said OPEC, the Organization of Petroleum Exporting Countries, has to increase supply. The Australian leader made the comments as he prepared to travel on an official visit to Japan.

62. The OPEC increase in the price of oil launched the transition to alternative energy sources.

63. Finally, as Iraq's oil production gradually climbs,(http:///opec.html) it will face additional pressure from OPEC (Iraq is currently a nonvoting member of the bloc) to adhere to quotas.

64. In the past, non - OPEC producers like Russia, Mexico and Norway have increased production to meet demand.

65. In the past, non - OPEC producers like Russia, Mexico and Norway had increased production to meet demand.

66. Despite rising oil consumption, the world's largest oil cartel, OPEC, has resisted calls to boost production.

67. This week, as OPEC geared itself up for its birthday feast, Mr. Yamani surfaced as Banquo's ghost, complete with doom-laden predictions.

68. Saudi Arabia has shouldered the bulk of the output cuts announced by Opec, the oil cartel.

69. The Organization of Petroleum Exporting Countries (the OPEC cartel), with its strong pricing power, still plays a role.

70. October 17—OPEC oil ministers agree to use oil as a weapon to influence the West's support of Israel in the Yom Kippur war.

71. All recent signs from OPEC ministers indicate the group will again keep its formal production cuts in place Tuesday when it meets next week in the Angolan capital, Luanda.

72. Witness the tensions that dog OPEC , the cartel of oil - producing countries.

73. If current supply and demand were initially in balance, the OPEC countries and other oil producers would respond by reducing sales to bring supply into line with the temporary reduction in demand.

74. OPEC expected at the meeting will be announced reduction in oil production.

75. OPEC surplus capacity (still about 4 million barrels per day) should mute some of the geopolitical pressure on the oil supply, especially when coupled with a generalized increase in production.

76. The contango is likely to flatten as supply cuts by OPEC and other producers take effect, reducing the availability of oil for immediate delivery, Currie said.

77. But the call is expected to receive short shrift from the other Opec members ledSaudi Arabia.

78. Iran, second largest producer in the oil cartel Opec, responded with another missile.

79. First came the OPEC embargo in response to the Arab-Israeli war of 1973.

80. OPEC ministers will begin meeting in Austria in a few hours, expecting the ministers' decision on what the future level of oil production should be.

81. The invisible hand of Allah has given OPEC most of the world's oil.

82. The comments come as members of oil cartel Opec decide on output levels.

83. The Organization of Petroleum Exporting Countries, OPEC, says it will increase its official production quotas but reduce the actual amount of oil on the global market.

84. The border dispute has threatened to throw next week's OPEC meeting in Geneva into confusion.

85. OPEC ministers in heatedtalks Thursday sought ways to end violations of agreed price and production levels in competition to sell their oil.

86. In recent years, Non - OPEC oil production has continued to rise.