Sentence examples for opec considered from inspiring English sources

Add to this fears that a war in Iraq would touch off disruptions in the supply of oil from the Middle East, and oil prices rose in mid-September to about $30 a barrel, a level most of OPEC considered uncomfortably high, industry experts said.

When (f:= f_{1} : Xtimes XtimesLambdarightarrowmathbb {R}), the (OPLEC) collapses to the optimization problem with equilibrium constraints (OPEC) considered by Anh et al. [25].

OPEC is considering increases of 1.2 million to 3.1 million barrels a day, an about-face from production cuts of 4.3 million a day that began in 1998 after the financial collapse in Asia.

That target may be raised slightly to accommodate the return of Indonesia, which produces about 900,000 barrels a day, but considering Opec has consistently overproduced, the target is relatively meaningless.

The OPEC oil cartel on Thursday raised pressure on rival producers to join output restraint efforts even though prices seem too high for non-OPEC states to consider sharing the load.

Alexander Novak, the Russian energy minister, said that 5% reductions had been considered in the past with Opec and would come up again in discussions planned for February.

Crude oil slumped as traders considered how long it would take OPEC to move extra oil to refiners.

OPEC asked Russia to consider becoming a member at its meeting last week -- the Russians declined -- and the European Union began talks with Russia over the weekend on sharply increasing its imports of Russian natural gas and oil.

While OPEC has reduced production three times this year to shore up prices in a range of about $22 to $25 a barrel, non-OPEC nations, notably Russia, have increased exports to cash in on those prices, which, considered over time, are still relatively high.

On Tuesday, Opec was said to be considering whether to hold an emergency meeting to increase the cartel's production.

According to a recent PFC Energy report, the Saudis are considering a proposal to increase OPEC production by 500,000 to 1 million barrels a day.