#OPECs decision not to cut production in order to increase oil - TopicsExpress

#OPECs decision not to cut production in order to increase oil prices following a marked reduction in global prices over recent months has caused much controversy across the Middle East. #Saudi Arabias commitment not to reduce oil production has been substantiated by the claim that a reduction in production would be met by non-OPEC producing countries such as the #US and #Iran, doing little to affect the price per barrel.

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