This is the lower end of what the Organization of Petroleum Exporting Countries deems acceptable.
The Organisation of the Petroleum Exporting Countries (OPEC) has agreed to raise its output slightly this month.
According to the Organisation of the Petroleum Exporting Countries (OPEC), fundamentals do not support the current high price of oil.
Iran and Venezuela, both members of the Organisation of the Petroleum Exporting Countries (OPEC), have called for it to cut output.
The Organization of Petroleum Exporting Countries next meets Feb. 1, when the group will decide whether to boost supply to lower prices.
The Organization of Petroleum Exporting Countries (Opec) meets on Saturday to discuss its official production quotas, although analysts believe output will remain unchanged.
In November 2008, President Lula invited Ahmadinejad to visit Brazil, and Iran invited Brazil to join the Organization of Petroleum Exporting Countries (OPEC).
CENTERFORSECURITYPOLICY: The growing concern of Brazil & Iran
In 1960, representatives of oil-producing countries finished a meeting in Baghdad which led to the formation of the Organization of Petroleum Exporting Countries (OPEC).
The Organisation of the Petroleum Exporting Countries (OPEC), the oil-producers' cartel, estimates that SARS has reduced Asian oil demand by 300, 000 barrels per day.
It urged the Organisation of the Petroleum Exporting Countries (OPEC) to cut production quotas in February for fear of a price crash this spring.
Venezuela under President Chavez has been a vocal member of the Organisation of Petroleum Exporting Countries (Opec), helping to make sure oil prices stay high.
BBC: High stakes in Venezuela poll as Chavez battles Capriles
Even worse, all of the countries best equipped to pump more of the stuff are members of the Organisation of the Petroleum Exporting Countries (OPEC).
Kuwait's acting oil minister has been reported as saying that Opec, the Organisation of Petroleum Exporting Countries, might hold an emergency meeting to discuss boosting output.
But the real damage to the world economy was the massive price increase which the Organisation of Petroleum Exporting Countries (OPEC) introduced at the same time.
Oil Minister Sheik Saud Nasser al-Sabah said the Organisation of Petroleum Exporting Countries (Opec) will agree to increase production by 1m barrels per day (bpd) from April.
According to Fabiani, Cheney said the Organization of Petroleum Exporting Countries (OPEC) had "gotten its act together" to put curbs on production levels and stick to those limits.
The Organization of Petroleum Exporting Countries (OPEC) has slashed its global oil demand forecast for 2013 by about 20, 000 barrels a day to 89.57 million barrels a day.
The Organization of Petroleum Exporting Countries (OPEC) also warned that it could not replace the shortfall in crude if Iran was attacked and its supply taken off the market.
The Organization of Petroleum Exporting Countries cut its global demand forecast for 2008 for the fourth time this year, saying that consumption would continue to slow in 2009.
Also on Thursday, Iranian lawmakers called on the Organization of Petroleum Exporting Countries to intervene against a pledge by Saudi Arabia that it would increase oil supply if needed.
In the midst of financial and political turmoil throughout Europe, the Organization of Petroleum Exporting Countries (OPEC) met last Thursday in Vienna, Austria, to discuss the future of oil production.
Crude oil futures rose following news that members of the Organization of the Petroleum Exporting Countries are discussing holding a special meeting to address the recent steep decline in oil prices.
They include representatives of members of The Organization of the Petroleum Exporting Countries (OPEC), who argue they should receive compensation because of the impact reduced oil consumption would have on their economies.
This display of aggression was eerily similar to events that transpired during the 1973 Yom Kippur War, when the Organization of Petroleum Exporting Countries (OPEC) strategically cut off oil to nations supporting Israel.
The Philippines has also seen its import bill rise, as has Indonesia, which became a net importer of oil in 2003, despite being the region's only member of the Organisation of Petroleum Exporting Countries.
On the Senate's legislative calendar this week is a bill to repeal tax incentives for oil companies, punish companies for reaping "windfall profits" and subject the Organization for Petroleum Exporting Countries to U.S. anti-trust law.
Despite trimming its output along with other members of the Organisation of the Petroleum Exporting Countries (OPEC) in an effort to prop up prices, that is just what the United Arab Emirates plans to do.
ECONOMIST: Oil prices have plunged. Another spike may be on its way
On his second visit to the kingdom this year, the American leader met Saudi King Abdullah on Friday to renew his appeal for more oil from members of the Organization of Petroleum Exporting Countries to tame record oil prices.
It is still higher than the oil-consuming countries would like, although the price is now within the range preferred by the Organisation of Petroleum Exporting Countries (OPEC), and OPEC members are already muttering about production cuts to prevent further falls.
Dealers said Wednesday's drop in New York prices was prompted by evidence that Saudi Arabia was meeting allocation targets, following a meeting of the Organisation of Petroleum Exporting Countries last weekend which pledged to boost oil output by 800, 000 barrels per day.
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