OPEC Secretary-General Abdullah al-Badri waits for the start of a meeting of OPEC oil ministers at OPEC's headquarters in Vienna November 27, 2014. Credit: REUTERS/Heinz-Peter Bader
Oil Prices Plunge After Opec Meeting -- BBC
The price of oil slumped after the Opec oil producers' cartel decided not to cut output at its meeting in Vienna.
Opec's secretary general Abdallah Salem el-Badri said they would not try to shore up prices by reducing production.
"There's a price decline. That does not mean that we should really rush and do something," he said.
Following the announcement Brent crude fell below $72 a barrel, hitting lows previously seen in August 2010.
The 12 Opec members decided to maintain production at 30 million barrels per day as first agreed in December 2011.
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MIDDLE EAST
Mosul residents: IS group cuts phones in Iraq city.
In Syria, desperate residents see little hope in U.N. Aleppo truce plan.
Syrian troops kill 30 rebels near Damascus. Report: Syria army kills dozens of rebels.
Number of Syrians in need of urgent humanitarian aid exceeds 12 million — UN.
Turkey's Erdogan attacks US 'impertinence' on Syria.
Yemen raid: Rescuers missed Western hostages.
Army splits that let Yemen's capital fall augur new risks.
Israel says Hamas attack plot foiled.
ASIA
More explosions heard across Kabul after embassy attack. Explosion, gunfire heard in diplomatic quarter of Afghan capital.
British embassy vehicle hit in Kabul attack. Suicide bomber attacks British embassy vehicle in Afghan capital.
10 killed in militant attack on Indian base in Kashmir region.
South Asia summit salvaged after handshake by leaders of India, Pakistan.
The military vows to rule Thailand until 2016 and ramps up political purges.
Russia’s Defense Ministry concerned by ‘unstable’ Asia-Pacific region.
Kim Jong-un hands high ranking Pyongyang position to his younger sister.
AFRICA
Ebola virus death toll rises to 5,689 people.
'Scores killed' in northeast Nigeria blast. Nigeria bus station blast kills 40 people, including five soldiers: witnesses.
At least 133 killed in tribal clashes in Sudan: tribe leader.
Extremists terrorizing civilians in eastern Libya: Human Rights Watch.
Islamic State has toehold in lawless Libya, experts say.
Tanzania PM sidesteps calls to quit over graft claims.
Robert Mugabe's party in turmoil as vice-president is ejected.
France warns African leaders against trying to keep power.
EUROPE
Putin, Poroshenko speak on phone about southeast Ukraine: Kremlin.
Ukrainian parliament coalition nominates Yatsenyuk for Prime Minister. Ukraine puts on parliamentary show of unity in message to Russia.
Pensioners storm banks, sue president as economic blockade enforced on E.Ukraine.
EU adds 13 Ukrainians, 5 groups to sanctions list.
German-Russian relations said headed for long impasse over Ukraine.
Merkel: More sanctions on Russia 'unavoidable'.
Denmark to Russia: We won't be intimidated.
NATO wrestles with new fast-reaction force prompted by Ukraine crisis.
Greece paralyzed by major strike, flights canceled.
EU will survive without Britain, but would be dead without France: EU chief.
Spanish PM Rajoy: Most politicians not corrupt.
AMERICAS
US celebrates Thanksgiving with parades, Turkey.
Ferguson shooting: Calm returns on snowy Thanksgiving. Calm comes to troubled Ferguson, mass arrests at California rallies.
Venezuela to charge opposition leader over alleged plot to kill President Maduro.
Mexican president Pena Nieto to overhaul police.
Burned bodies found in southern Mexico.
Colombia land return program could fail thousands: Amnesty.
Colombia: Farc rebels release two soldiers.
Uruguay's Vazquez set to extend leftist coalition's run in power.
Soccer icon Pele moved to special care unit at Brazil hospital.
TERRORISM/THE LONG WAR
U.N. says Islamic State got up to $45 million in ransoms.
Our flag shall fly over Jerusalem, Islamic State says.
ISIS drug transit from Afghanistan To Europe confirmed by Russia: Money goes into terror funding and in new recruitments.
ECONOMY/FINANCE/BUSINESS
Oil prices falling ahead of OPEC meeting.
EU piling pressure on Google to change ways. Google should be broken up, say European MPs.
Hedge fund couple agree Britain's most expensive divorce.
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