Sentence examples for opec well from inspiring English sources

The Saudi strategy also risks breaking a broad consensus that has served OPEC well since the 1998 oil crisis, when prices collapsed.

"It seems the situation has deteriorated strongly in the eyes of Opec as well as the IEA," Commerzbank head of commodities strategy Eugen Weinberg told Reuters.

Maduro, 50, says he needs the so-called Enabling Law to toughen a crackdown on graft in the South American OPEC nation as well as tackle economic problems that are turning into the main challenge of his fledgling presidency.

Russia, said Opec, is good for half that tally.

Fig. 5 Trend of World Oil Production by OPEC and Non-OPEC.

The production gap between OPEC and non-OPEC's total oil production is less than 5%.

"Iran would support any move toward market restoration and stability of the market as well as cooperate with OPEC and non-OPEC" an Iranian source told Reuters.

"The market doesn't distinguish between an OPEC and a non-OPEC producer," he says.

Blame it on a combination of rising oil output from Venezuela, as well as several non-OPEC nations, and the Asian economic crisis, which has resulted in a fall in demand.

Even the Saudis, who argued for keeping the markets well supplied at the last OPEC meeting, seemed to have been struck by the speed of the price drop.

The Democrats, meanwhile, continued their incessant assault on Mr. Cheney's record today, releasing a television advertisement that attacked his votes against Head Start, the Clean Water Act, the school lunch program and health insurance for people who lost coverage when they lost their jobs, as well as his having praised OPEC for cutting oil production.