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Mar 3 - Oil nears $104 per barrel ahead of Wednesday's OPEC meeting.OPEC, which pumps more than one-third of the world's oil, last met on February 1st and left its oil output unchanged.
Sasha Salama reports.
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The Organization of the Petroleum Exporting Countries (OPEC) is a large group of countries[1][2] made up of Algeria, Angola, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates, Venezuela, and Ecuador. The planet is coming out of an ice age so global warming is not man made.
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Oil rises on U.S. mortgage rescue, RIG evacuations ahead of Hurricane Ike; OPEC to pump near record amounts of crude as $106 oil price stunts grow; Report and analysis by Rebecca McLaughlin-Duane of Bloomberg News
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NBC Nightly News coverage of OPEC's decision to cut exports of oil to the United States along with other nations. Reported by John Chancellor of the evening of October, 17 1973.