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OPEC

World news about “OPEC” published by euronews.

02/06 18:29 CET

OPEC fails to agree on limiting output, denies it is ‘dead’

OPEC fails to agree on limiting output, denies it is ‘dead’

When is a cartel not a cartel? Perhaps when its members can’t agree on a common policy. At its latest meeting OPEC failed to agree on limiting output which would have boosted the price of crude. Though Saudi Arabia – represented by new energy minister Khalid…