OPEC prepares to extend oil production cuts

OPEC announced on Monday it will restrict the supply of oil for another nine months in a bid to support prices pressured by weakening economic growth and skyrocketing American production.

Iran oil minister: 'OPEC might die'

OPEC and its allies are presenting a unified front in their quest to stabilize the oil market. But beneath the surface, opposition is rising within OPEC against the way that Russia and Saudi Arabia are dominating the group's decision-making.