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Saudi Arabia

World news about “Saudi Arabia” published by euronews.

INTERVIEW | 02/12 13:54 CET

Iran’s oil minister says OPEC at risk of becoming ‘trivial’ in oil market

Iran’s oil minister says OPEC at risk of becoming ‘trivial’ in oil market

OPEC's recent decision to maintain its output level, led to a dramatic fall in oil prices. The decision reflected Saudi Arabia's desire to maintain its position in the global market. But it will have an impact on Iran whose economy relies heavily on oil and which has been hit…