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Illustration OPEC

SUQIAN, CHINA - MAY 28, 2025 - An illustration photo shows the OPEC LOGO displayed in a smart phone in Suqian City, Jiangsu Province, China on May 28, 2025.

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Illustration OPEC

SUQIAN, CHINA - MAY 28, 2025 - An illustration photo shows the OPEC LOGO displayed in a smart phone in Suqian City, Jiangsu Province, China on May 28, 2025.

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Illustration OPEC

SUQIAN, CHINA - MAY 28, 2025 - An illustration photo shows the OPEC LOGO displayed in a smart phone in Suqian City, Jiangsu Province, China on May 28, 2025.

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Illustration OPEC

SUQIAN, CHINA - MAY 28, 2025 - An illustration photo shows the OPEC LOGO displayed in a smart phone in Suqian City, Jiangsu Province, China on May 28, 2025.

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Illustration OPEC

SUQIAN, CHINA - MAY 28, 2025 - An illustration photo shows the OPEC LOGO displayed in a smart phone in Suqian City, Jiangsu Province, China on May 28, 2025.

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AUSTRIA-VIENNA-OPEC FUND FORUM

(240625) -- VIENNA, June 25, 2024 Photo by Xinhua/ABACAPRESS.COM) -- President of the Republic of Sierra Leone Julius Maada Bio (at the podium and on the screen) speaks at the third development forum of OPEC Fund for International Development in Vienna, Austria, on June 25, 2024. Oil-exporting countries and some partners on Tuesday called for more international cooperation on sustainable and equitable development at the Development Forum in Vienna. Photo by Xinhua/ABACAPRESS.COM/He Canling)

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AUSTRIA-VIENNA-OPEC FUND FORUM

(240625) -- VIENNA, June 25, 2024 Photo by Xinhua/ABACAPRESS.COM) -- OPEC Fund President Abdulhamid Alkhalifa (at the podium) speaks at the third development forum of OPEC Fund for International Development in Vienna, Austria, on June 25, 2024. Oil-exporting countries and some partners on Tuesday called for more international cooperation on sustainable and equitable development at the Development Forum in Vienna. Photo by Xinhua/ABACAPRESS.COM/He Canling)

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AUSTRIA-VIENNA-OPEC FUND FORUM

(240625) -- VIENNA, June 25, 2024 Photo by Xinhua/ABACAPRESS.COM) -- Liao Min, China's vice finance minister, speaks at the third development forum of OPEC Fund for International Development in Vienna, Austria, on June 25, 2024. Oil-exporting countries and some partners on Tuesday called for more international cooperation on sustainable and equitable development at the Development Forum in Vienna. Photo by Xinhua/ABACAPRESS.COM/He Canling)

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AUSTRIA-VIENNA-OPEC FUND FORUM

(240625) -- VIENNA, June 25, 2024 (Xinhua) -- President of the Republic of Sierra Leone Julius Maada Bio (at the podium and on the screen) speaks at the third development forum of OPEC Fund for International Development in Vienna, Austria, on June 25, 2024. Oil-exporting countries and some partners on Tuesday called for more international cooperation on sustainable and equitable development at the Development Forum in Vienna. (Xinhua/He Canling)

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AUSTRIA-VIENNA-OPEC FUND FORUM

(240625) -- VIENNA, June 25, 2024 (Xinhua) -- Liao Min, China's vice finance minister, speaks at the third development forum of OPEC Fund for International Development in Vienna, Austria, on June 25, 2024. Oil-exporting countries and some partners on Tuesday called for more international cooperation on sustainable and equitable development at the Development Forum in Vienna. (Xinhua/He Canling)

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AUSTRIA-VIENNA-OPEC FUND FORUM

(240625) -- VIENNA, June 25, 2024 (Xinhua) -- OPEC Fund President Abdulhamid Alkhalifa (at the podium) speaks at the third development forum of OPEC Fund for International Development in Vienna, Austria, on June 25, 2024. Oil-exporting countries and some partners on Tuesday called for more international cooperation on sustainable and equitable development at the Development Forum in Vienna. (Xinhua/He Canling)

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Fifth International Oil Summit in Paris (OPEC)

Thierry Desmarest, Chief Executive Officer of Total, speaks at the Fifth International (OPEC) Oil Summit in Paris, France, on April 29, 2004. Photo by Lucas Schifres/ABACA

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AUSTRIA-VIENNA-OPEC-PRODUCTION CUT

(231130) -- VIENNA, Nov. 30, 2023 (Xinhua) -- Photo taken on Nov. 30, 2023 shows the headquarters of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna, Austria. The Organization of the Petroleum Exporting Countries and its allies (OPEC+) on Thursday announced further production cuts for next year to bolster oil prices that have recently tumbled amid a weakening economic backdrop. (Xinhua/He Canling)

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AUSTRIA-VIENNA-OPEC-PRODUCTION CUT

(231130) -- VIENNA, Nov. 30, 2023 (Xinhua) -- Photo taken on Nov. 30, 2023 shows the headquarters of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna, Austria. The Organization of the Petroleum Exporting Countries and its allies (OPEC+) on Thursday announced further production cuts for next year to bolster oil prices that have recently tumbled amid a weakening economic backdrop. (Xinhua/He Canling)

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AUSTRIA-VIENNA-OPEC-SECRETARY GENERAL-INTERVIEW

(230706) -- VIENNA, July 6, 2023 (Xinhua) -- Haitham Al Ghais, secretary general of the Organization of the Petroleum Exporting Countries (OPEC), speaks at an exclusive interview with Xinhua in Vienna, Austria, July 5, 2023. TO GO WITH "Interview: OPEC chief "optimistic" about China's economy" (Xinhua/He Canling)

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AUSTRIA-VIENNA-OPEC-SEMINAR

(230706) -- VIENNA, July 6, 2023 (Xinhua) -- This photo taken on July 6, 2023 shows a scene of the ministerial session of the 8th OPEC International Seminar in Vienna, Austria. The Organization of the Petroleum Exporting Countries (OPEC) on Wednesday kicked off here the 8th OPEC International Seminar, its flagship energy event. The two-day seminar, themed "Towards a sustainable and inclusive energy transition," brings together ministers from OPEC member countries and other oil-producing and consuming nations as well as representatives of international organizations, oil and energy companies, academics, and other industry experts. (Xinhua/He Canling)

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AUSTRIA-VIENNA-OPEC-SEMINAR

(230706) -- VIENNA, July 6, 2023 (Xinhua) -- This photo taken on July 6, 2023 shows a scene of the ministerial session of the 8th OPEC International Seminar in Vienna, Austria. The Organization of the Petroleum Exporting Countries (OPEC) on Wednesday kicked off here the 8th OPEC International Seminar, its flagship energy event. The two-day seminar, themed "Towards a sustainable and inclusive energy transition," brings together ministers from OPEC member countries and other oil-producing and consuming nations as well as representatives of international organizations, oil and energy companies, academics, and other industry experts. (Xinhua/He Canling)

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OPEC secretary general eyes broad cooperation with China in energy transition

STORY: OPEC secretary general eyes broad cooperation with China in energy transition DATELINE: July 6, 2023 LENGTH: 00:02:03 LOCATION: Vienna CATEGORY: ECONOMY SHOTLIST: 1. SOUNDBITE (English): HAITHAM AL GHAIS, OPEC Secretary General 2. various of ports in China 3. various of the ongoing 8th OPEC Int'l Seminar 4. various of clean energy sectors of China STORYLINE: The secretary general of the Organization of the Petroleum Exporting Countries (OPEC) said that he is very optimistic about China's economic recovery, and he sees broader cooperation with China in energy transition, technology and other areas. SOUNDBITE (English): HAITHAM AL GHAIS, OPEC Secretary General "China is a stable, reliable outlet for oil production, oil consumption actually, with increasing imports year-on-year. Most of our member countries in OPEC have excellent relationships with China, including my own country Kuwait. For oil demand growth, our forecasts are showing global oil demand growth this year, compared to last year, increa

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8th OPEC Int'l Seminar held in Vienna

STORY: 8th OPEC Int'l Seminar held in Vienna DATELINE: July 6, 2023 LENGTH: 00:02:01 LOCATION: Vienna CATEGORY: ECONOMY SHOTLIST: 1. various of the 8th OPEC International Seminar 2. various of guests and ministers 3. various of OPEC Secretary General Haitham Al Ghais delivering a speech 4. various of Antonio Oburu Ondo, president of the OPEC Conference in 2023 5. various of guests and ministers STORYLINE: The Organization of the Petroleum Exporting Countries (OPEC) on Wednesday kicked off in Vienna the 8th OPEC International Seminar, its flagship energy event. The two-day seminar, themed "Towards a sustainable and inclusive energy transition," brings together ministers from OPEC member countries and other oil-producing and consuming nations as well as representatives of international organizations, oil and energy companies, academics, and other industry experts. OPEC Secretary General Haitham Al Ghais told the seminar's opening ceremony that the sustainability of energy transition means balancing the nee

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AUSTRIA-VIENNA-OPEC SEMINAR

(230705) -- VIENNA, July 5, 2023 (Xinhua) -- Antonio Oburu Ondo, president of the OPEC Conference in 2023 and Equatorial Guinea's minister of mines and hydrocarbons, delivers a speech during the 8th OPEC International Seminar in Vienna, Austria, July 5, 2023. The Organization of the Petroleum Exporting Countries (OPEC) on Wednesday kicked off here the 8th OPEC International Seminar, its flagship energy event. The two-day seminar, themed "Towards a sustainable and inclusive energy transition," brings together ministers from OPEC member countries and other oil-producing and consuming nations as well as representatives of international organizations, oil and energy companies, academics, and other industry experts. (Xinhua/He Canling)

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AUSTRIA-VIENNA-OPEC SEMINAR

(230705) -- VIENNA, July 5, 2023 (Xinhua) -- OPEC Secretary General Haitham Al Ghais delivers a speech during the 8th OPEC International Seminar in Vienna, Austria, July 5, 2023. The Organization of the Petroleum Exporting Countries (OPEC) on Wednesday kicked off here the 8th OPEC International Seminar, its flagship energy event. The two-day seminar, themed "Towards a sustainable and inclusive energy transition," brings together ministers from OPEC member countries and other oil-producing and consuming nations as well as representatives of international organizations, oil and energy companies, academics, and other industry experts. (Xinhua/He Canling)

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AUSTRIA-VIENNA-OPEC SEMINAR

(230705) -- VIENNA, July 5, 2023 (Xinhua) -- Guests attend the 8th OPEC International Seminar in Vienna, Austria, July 5, 2023. The Organization of the Petroleum Exporting Countries (OPEC) on Wednesday kicked off here the 8th OPEC International Seminar, its flagship energy event. The two-day seminar, themed "Towards a sustainable and inclusive energy transition," brings together ministers from OPEC member countries and other oil-producing and consuming nations as well as representatives of international organizations, oil and energy companies, academics, and other industry experts. (Xinhua/He Canling)

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AUSTRIA-VIENNA-OPEC SEMINAR

(230705) -- VIENNA, July 5, 2023 (Xinhua) -- This photo taken on July 5, 2023 shows a scene of the 8th OPEC International Seminar in Vienna, Austria. The Organization of the Petroleum Exporting Countries (OPEC) on Wednesday kicked off here the 8th OPEC International Seminar, its flagship energy event. The two-day seminar, themed "Towards a sustainable and inclusive energy transition," brings together ministers from OPEC member countries and other oil-producing and consuming nations as well as representatives of international organizations, oil and energy companies, academics, and other industry experts. (Xinhua/He Canling)

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AUSTRIA-VIENNA-OPEC SEMINAR

(230705) -- VIENNA, July 5, 2023 (Xinhua) -- Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman (R) speaks during the 8th OPEC International Seminar in Vienna, Austria, July 5, 2023. The Organization of the Petroleum Exporting Countries (OPEC) on Wednesday kicked off here the 8th OPEC International Seminar, its flagship energy event. The two-day seminar, themed "Towards a sustainable and inclusive energy transition," brings together ministers from OPEC member countries and other oil-producing and consuming nations as well as representatives of international organizations, oil and energy companies, academics, and other industry experts. (Xinhua/He Canling)

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U.S.-HOUSTON-CERAWEEK-ENERGY FORUM

(230308) -- HOUSTON, March 8, 2023 (Xinhua) -- Haitham Al Ghais (R), secretary general of the Organization of Petroleum Exporting Countries (OPEC), speaks at CERAWeek in Houston, Texas, the United States, March 7, 2023. On the theme of "Navigating a Turbulent World: Energy, Climate and Security," the influential global energy forum CERAWeek is held here from March 6 to 10, focusing on the dual challenges of meeting the world's growing energy demand while reducing emissions. (Photo by Chen Chen/Xinhua)

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U.S.-HOUSTON-CERAWEEK-ENERGY FORUM

(230308) -- HOUSTON, March 8, 2023 (Xinhua) -- Haitham Al Ghais (R, back), secretary general of the Organization of Petroleum Exporting Countries (OPEC), speaks at CERAWeek in Houston, Texas, the United States, March 7, 2023. On the theme of "Navigating a Turbulent World: Energy, Climate and Security," the influential global energy forum CERAWeek is held here from March 6 to 10, focusing on the dual challenges of meeting the world's growing energy demand while reducing emissions. (Photo by Chen Chen/Xinhua)

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U.S.-HOUSTON-CERAWEEK-ENERGY FORUM

(230308) -- HOUSTON, March 8, 2023 (Xinhua) -- Haitham Al Ghais (R), secretary general of the Organization of Petroleum Exporting Countries (OPEC), speaks at CERAWeek in Houston, Texas, the United States, March 7, 2023. On the theme of "Navigating a Turbulent World: Energy, Climate and Security," the influential global energy forum CERAWeek is held here from March 6 to 10, focusing on the dual challenges of meeting the world's growing energy demand while reducing emissions. (Photo by Chen Chen/Xinhua)

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Foreign experts express confidence in Chinese economy

STORY: Foreign experts express confidence in Chinese economy DATELINE: Jan. 26, 2023 LENGTH: 00:02:56 LOCATION: Beijing CATEGORY: ECONOMY SHOTLIST: 1. various of general views in China 2. SOUNDBITE 1 (Spanish): EDUARDO REGALADO, Senior researcher, International Policy Research Center of Cuba 3. SOUNDBITE 2 (English): HAITHAM AL GHAIS, Secretary-General, Organization of Petroleum Exporting Countries (OPEC) 4. SOUNDBITE 3 (Spanish): EDUARDO REGALADO, Senior researcher, International Policy Research Center of Cuba STORYLINE: Many experts have expressed confidence in the steady growth of the Chinese economy, saying it will be a boost to the flagging global economy. Faced with the impacts of multiple unexpected factors, the Chinese economy grew by 3 percent in 2022, a relatively high rate among the world's major economies. SOUNDBITE 1 (Spanish): EDUARDO REGALADO, Senior researcher, International Policy Research Center of Cuba "The first thing to be highlighted in the results of 2022 is the resilience of the

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Business leaders at Davos optimistic about Chinese economy

STORY: Business leaders at Davos optimistic about Chinese economy DATELINE: Jan. 21, 2023 LENGTH: 00:01:44 LOCATION: GENEVA, Switzerland CATEGORY: ECONOMY SHOTLIST: 1. STANDUP (English): LI CHAO, Xinhua correspondent 2. various of the annual meeting of the World Economic Forum (WEF) 3. various of technologies 4. SOUNDBITE 1 (English): SAADIA ZAHIDI, WEF Managing Director 5. various of Chinese cityscape and consumers 6. SOUNDBITE 2 (English): HAITHAM AL GHAIS, Secretary-General, Organization of Petroleum Exporting Countries (OPEC) 7. various of import and export 8. SOUNDBITE 3 (English): BANDAR ALKHORAYEF, Saudi Minister of Industry and Mineral Resources 9. various of technologies 10. SOUNDBITE 4 (English): HAITHAM AL GHAIS, Secretary-General, Organization of Petroleum Exporting Countries (OPEC) 11. various of cityscape in China STORYLINE: STANDUP (English): LI CHAO, Xinhua correspondent "In the face of a volatile global economy, decades-high inflation and geopolitical conflict, the prospects for Chinese ec

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OPEC 50th anniversary

VIENNA, Austria - Organization of the Petroleum Exporting Countries Secretary General Abdalla Salem El-Badri attends a press conference on the 50th anniversary of the organization's establishment at the cartel's headquarters in Vienna on Sept. 14, 2010. El-Badri said oil will remain a major source of energy.

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OPEC holds output ceiling, effectively allows target price hike

VIENNA, Austria - Ahmad Fahad Al-Ahmad Al-Sabah of Kuwait, secretary general of the Organization of Petroleum Exporting Countries, speaks to reporters at OPEC headquarters in Vienna on Jan. 30 after an OPEC meeting.

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OPEC expects non-OPEC producers to help prevent oversupply

VIENNA, Austria - OPEC President Abdullah bin Hamad Al Attiyah speaks in an interview with Kyodo News and some other media organizations in Vienna on July 31. Al Attiyah said he is confident that OPEC and non-OPEC oil producers such as Russia will cooperate to prevent oversupply when Iraq's oil output returns to normal.

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OPEC discusses July-September crude oil production

DOHA, Qatar - Members of the Organization of Petroleum Exporting Countries (OPEC) open an extraordinary general meeting in Doha on June 11 to discuss crude oil output in the July-September period.

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(4)OPEC to keep output quotas unchanged for Oct.-Dec. qtr

OSAKA, Japan - Japanese Foreign Minister Yoriko Kawaguchi (2nd from L) proposes a toast to Organization of Petroleum Exporting Countries (OPEC) oil ministers at the end of the OPEC meeting in Osaka on Sept. 19.

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(3)OPEC to keep output quotas unchanged for Oct.-Dec. qtr

OSAKA, Japan - Rilwanu Lukman (R), president of the Organization of Petroleum Exporting Countries (OPEC), speaks at a news conference at the end of the OPEC meeting in Osaka on Sept. 19. The 11-member cartel decided to keep its official crude oil output intact for the October-December quarter.

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(1)OPEC to keep output quotas unchanged for Oct.-Dec. qtr

OSAKA, Japan - The Organization of Petroleum Exporting Countries (OPEC) decides to keep its official crude oil output intact for the October-December quarter at a meeting in Osaka on Sept. 19.

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(2)OPEC to keep output quotas unchanged for Oct.-Dec. qtr

OSAKA, Japan - Saudi oil minister Ali ibn Ibrahim an-Nuanimi (C) speaks with media members before the Organization of Petroleum Exporting Countries (OPEC) opens its meeting in Osaka on Sept. 19.

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Kuwait official details new form of Arabian Oil contract

VIENNA, Austria - Kuwaiti Oil Minister Adel al-Subaih speaks to reporters in Vienna on the sidelines of a meeting of the Organization of Petroleum Exporting Countries (OPEC). Al-Subaih said a new drilling contract for Arabian Oil Co. would give the Japanese firm operational rights, but not rights of possession in extracting oil from Kuwaiti fields.

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Egypt "closely follows reactions" from OPEC+ oil production cut decision

STORY: Egypt "closely follows reactions" from OPEC+ oil production cut decision DATELINE: Oct. 18, 2022 LENGTH: 0:00:55 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of the headquarters of the Egyptian Foreign Ministry STORYLINE: In a statement issued by the Egyptian Ministry of Foreign Affairs on Monday, Egypt said it was closely following the reactions from the recent OPEC+ decision to slash its daily oil production. On Oct. 5, the Organization of the Petroleum Exporting Countries (OPEC) and its allies, a group known as OPEC+, announced a major production cut of 2 million barrels per day (bpd) starting November to bolster oil prices that have recently tumbled over recession fears. The reduction equals around 2 percent of this year's global oil demand, which is estimated by OPEC at around 100 million bpd. Egypt also said it supported Saudi Arabia's stance in explaining the technical considerations of the OPEC+ decision, which aims primarily to achieve oil market discipline, and to ensure the s

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Turkish fuel prices rise for 3 days after OPEC+ oil production cut decision

STORY: Turkish fuel prices rise for 3 days after OPEC+ oil production cut decision DATELINE: Oct. 8, 2022 LENGTH: 00:02:19 LOCATION: ISTANBUL, Türkiye CATEGORY: ECONOMY SHOTLIST: 1. various of Istanbul city, cars running on the highway 2. various of exchange office, bank and street views STORYLINE: Fuel prices in Türkiye have risen for three days in a row as of Friday, with the median prices of diesel oil in Turkish cities, for instance, now as high as 27.20 Turkish liras (1.46 U.S. dollars) per liter. The consecutive fuel hikes come hard on the heels of the decision made on Wednesday by the Organization of the Petroleum Exporting Countries (OPEC) and its allies, collectively known as OPEC+, to slash its daily oil production by 2 million barrels beginning November, breaking the downward trend of oil prices in the past several months. "Announcement by OPEC+ to cut daily production down by 2 million barrels is apparently enough to make fuel prices go higher, even before the production is lowered," sa

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OPEC+ to cut oil output by 2 mln bpd from November

STORY: OPEC+ to cut oil output by 2 mln bpd from November DATELINE: Oct. 6, 2022 LENGTH: 0:01:35 LOCATION: Vienna CATEGORY: ECONOMY SHOTLIST: 1. various of headquarters of the OPEC 2. various of Press Center at OPEC headquarters 3. SOUNDBITE (English): ABDULAZIZ BIN SALMAN AL SAUD, Saudi Energy Minister STORYLINE: The Organization of the Petroleum Exporting Countries (OPEC) and its allies, a group known as OPEC+, decided on Wednesday to cut its overall output by 2 million barrels per day (bpd) from its August production targets. The oil alliance made the decision at the 33rd OPEC and non-OPEC Ministerial Meeting held in Vienna, Austria. The output cut, starting in November, aims to bolster oil prices that have recently tumbled over recession fears. SOUNDBITE (English): ABDULAZIZ BIN SALMAN AL SAUD, Saudi Energy Minister "The world energy market needs attendance, and needs careful planning, and needs assertive investments and needs commitment to this investment, and needs guidance, without which, investm

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AUSTRIA-VIENNA-OPEC-PRODUCTION CUT

(221005) -- VIENNA, Oct. 5, 2022 (Xinhua) -- Photo taken on Oct. 5, 2022 shows the press center at the headquarters of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna, Austria. The Organization of the Petroleum Exporting Countries (OPEC) and its allies, a group known as OPEC+, on Wednesday announced a major production cut of 2 million barrels per day (bpd) starting November to bolster oil prices that have recently tumbled over recession fears. (Photo by Wang Zhou/Xinhua)

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AUSTRIA-VIENNA-OPEC-PRODUCTION CUT

(221005) -- VIENNA, Oct. 5, 2022 (Xinhua) -- Photo taken on Oct. 5, 2022 shows the headquarters of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna, Austria. The Organization of the Petroleum Exporting Countries (OPEC) and its allies, a group known as OPEC+, on Wednesday announced a major production cut of 2 million barrels per day (bpd) starting November to bolster oil prices that have recently tumbled over recession fears. (Photo by Wang Zhou/Xinhua)

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AUSTRIA-VIENNA-OPEC-PRODUCTION CUT

(221005) -- VIENNA, Oct. 5, 2022 (Xinhua) -- Photo taken on Oct. 5, 2022 shows the headquarters of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna, Austria. The Organization of the Petroleum Exporting Countries (OPEC) and its allies, a group known as OPEC+, on Wednesday announced a major production cut of 2 million barrels per day (bpd) starting November to bolster oil prices that have recently tumbled over recession fears. (Photo by Wang Zhou/Xinhua)

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Venezuela sees higher oil output in August

STORY: Venezuela sees higher oil output in August DATELINE: Sept. 15, 2022 LENGTH: 00:00:41 LOCATION: Caracas CATEGORY: ECONOMY SHOTLIST: 1. various of gas stations in Caracas STORYLINE: Venezuela's oil production rose in August by between 6,000 and 94,000 barrels per day (bpd), the Organization of the Petroleum Exporting Countries (OPEC) said in a monthly report released Tuesday. Venezuela produced 723,000 bpd during the month, 94,000 bpd more than what the country reported in July, according to direct OPEC sources. Secondary sources placed Venezuela's output in August at 678,000 barrels of crude oil per day, or 6,000 more than July's output of 672,000 bpd. In either case, OPEC pointed out that this year, the South American country's oil production is well above the average registered in 2021. Last year, again according to secondary sources, Venezuela saw average production of 555,000 bpd, while OPEC placed its production at 636,000 bpd. Venezuela's oil output, however, remained below the levels seen

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AUSTRIA-VIENNA-OPEC-PRODUCTION CUT

(220906) -- VIENNA, Sept. 6, 2022 (Xinhua) -- Photo taken on Sept. 5, 2022 shows the headquarters of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna, Austria. OPEC and its allies, a group known as OPEC+, on Monday announced a small production cut for October to bolster oil prices that have recently slid over recession fears. The oil alliance decided to cut production by 100,000 barrels per day (bpd) in October from its September level, according to an OPEC statement released after the 32nd OPEC and non-OPEC Ministerial Meeting. (Photo by Wang Zhou/Xinhua)

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AUSTRIA-VIENNA-OPEC-PRODUCTION CUT

(220906) -- VIENNA, Sept. 6, 2022 (Xinhua) -- Photo taken on Sept. 5, 2022 shows the headquarters of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna, Austria. OPEC and its allies, a group known as OPEC+, on Monday announced a small production cut for October to bolster oil prices that have recently slid over recession fears. The oil alliance decided to cut production by 100,000 barrels per day (bpd) in October from its September level, according to an OPEC statement released after the 32nd OPEC and non-OPEC Ministerial Meeting. (Photo by Wang Zhou/Xinhua)

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AUSTRIA-VIENNA-OPEC-PRODUCTION CUT

(220906) -- VIENNA, Sept. 6, 2022 (Xinhua) -- Photo taken on Sept. 5, 2022 shows the headquarters of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna, Austria. OPEC and its allies, a group known as OPEC+, on Monday announced a small production cut for October to bolster oil prices that have recently slid over recession fears. The oil alliance decided to cut production by 100,000 barrels per day (bpd) in October from its September level, according to an OPEC statement released after the 32nd OPEC and non-OPEC Ministerial Meeting. (Photo by Wang Zhou/Xinhua)

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Petrol prices in Australia's major cities hit 8-year high

STORY: Petrol prices in Australia's major cities hit 8-year high DATELINE: March 15, 2022 LENGTH: 00:01:33 LOCATION: SYDNEY, Australia CATEGORY: ECONOMY SHOTLIST: 1. various of Sydney, Australia STORYLINE: The Russia-Ukraine crisis and OPEC production limitation combined with recovering oil demand pushed February prices for both international refined petrol and average retail petrol in Australia's five largest cities to an eight-year high. The latest petrol monitoring report published on Monday by the Australian Competition and Consumer Commission (ACCC), the country's consumer watchdog, revealed that daily average retail petrol prices in Australia's five major cities: Sydney, Melbourne, Brisbane, Adelaide and Perth hit 182.4 cents per liter (about 132.4 U.S. cents) in late-February 2022, the highest inflation-adjusted (real) level since 2014. ACCC Chair Rod Sims said the world was already experiencing high crude oil prices since late last year and the Russia-Ukraine crisis has forced crude oil pri

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U.S.-HOUSTON-OPEC-SECRETARY-GENERAL-OIL-SHORTAGE

(220309) -- HOUSTON, March 9, 2022 (Xinhua) -- Mohammad Barkindo (C), secretary-general of the Organization of Petroleum Exporting Countries (OPEC), attends the CERAWeek global energy forum in Houston, Texas, the United States, March 8, 2022. Mohammad Barkindo warned Tuesday that the world cannot replace Russia's share of oil exports, calling for energy depoliticization. TO GO WITH "OPEC chief warns of global oil shortage due to sanctions on Russia" (Photo by Xu Jianmei/Xinhua)