iOS app Android app

Oil Cartels

Iran to OPEC: Stop Oil Sales in Dollars

AP | Posted 05.25.2011 | Business

TEHRAN, Iran — Iranian President Mahmoud Ahmadinejad is urging OPEC members to form a joint bank and stop pricing oil trades in U.S. dollars. A...

OPEC Unlikely to Raise Output

AP | WILLIAM J. KOLE | Posted 05.25.2011 | Business

VIENNA, Austria — OPEC has virtually ruled out pumping more oil to ease record-high prices, key oil ministers signaled Tuesday on the eve of a c...