OPEC and its allies hold their next policy meeting in December
The stability achieved in past month is being threatened by headwinds from extraneous factors, says OPEC Secretary General
Barkindo, responding to a question whether producers needed to go beyond full delivery of the agreement, said they were taking it step by step
The two countries would not be able to produce enough oil to replace a reduction in Iranian output, says Iran's OPEC governor
The standoff over oil outlook is reminiscent of earlier periods of rising prices
The bill would change US antitrust law to allow OPEC producers to be sued for collusion; it would make it illegal to restrain oil or gas production or set those prices
Oil producers on Sunday ruled out an immediate oil-output boost, in effect rebuffing Trump's calls for action
Benchmark Brent oil reached $80 a barrel this month, prompting Trump to reiterate on Thursday his demand that the Organization of the Petroleum Exporting Countries lower prices
Now that Opec needs to boost output, its lack of power becomes even more obvious
Benchmark Brent crude oil was up 65 cents at $79.35 per barrel. US light crude was up 45 cents higher at $70.77
Exporters' group has navigated both supply and demand crises
The oil cartel has memories of the impact of 1997 Asian crisis when it boosted output, ignoring a crisis brewing in emerging markets that led to benchmark oil prices falling below $10 a barrel
If the No Oil Producing and Exporting Cartels Act is able to work its way through US Congress and becomes a law, oil may get cheaper in America and elsewhere for a while but not for too long
The fluctuations will continue as long as there is no long-term plan for production
Opec said buoyant world trade in 2017 and 2018 had helped impulse economic growth, and therefore demand for crude
Opec has been a punching bag for US politicians since the 1970's
Opec better stop it because we're protecting those countries, says Trump
The oil cartel's decision to maintain the production ceiling at its 2016 level will ensure shortfalls in supply and high oil prices in the foreseeable future
Those reserves will shrink as the group implements the 1 million-barrel-a-day supply boost pledged in Vienna last week
Group will add as much as 700,000 barrels per day of crude to the market