Sentence examples for opec on from inspiring English sources

All of it is in the midst of 10 non-OPEC producers led by Russia – who are currently partnering with OPEC on a 1.8 million barrels per day (bpd) quota cut till the end of 2018 – gagging for a production uptick with global oil inventories having dropped to their 5-year average.

Still, divisions are appearing within OPEC on whether to ease the cuts.

There is no need to go to OPEC on bended knee.

A combination of low demand and abundant supplies has driven the swift decline, and caught OPEC on the hop.

The tweet followed after a committee representing OPEC on Sunday signaled the possibility of oil production cuts.

OPEC on Wednesday rebuffed calls from President Bush to increase oil output, instead citing "mismanagement" of the American economy as a major factor driving prices up.

It is only the third time in the 37-year history of the IEA that oil has been released in this way and follows repeated calls on Opec to turn on the taps and bring down the price of oil.

Finance ministers from the industrial countries are turning up the political pressure on OPEC, calling on the cartel to raise production to bring prices down, when it holds a formal meeting in just under two weeks.

"We suspect a sustained recovery in oil prices will have to depend on production cuts outside OPEC and on signs of stronger global demand.

"Two weeks ago it may have been justified to call on OPEC to increase production," Mr. Ardebili said.

Donald Trump's tweet, calling on Opec to increase oil supply, appears to have sparked a fall in the price of oil.