opec saudi

Saudi-Iran Rivalry Sets Scene for OPEC Showdown Over Output

By Alex Lawler, Vladimir Soldatkin and Shadia Nasralla VIENNA, Dec 7 (Reuters) – It used to be said of OPEC that it was like a teabag – it only worked in hot water. If that is so, conditions on world oil markets could hardly be more difficult as prices languish at almost seven-year lows near

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