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Opec is missing a return ticket for its trip back to 2014

Oil ministers face a difficult choice when they meet on May 25. There seems to be no discussion of making deeper cuts, but perhaps there should be.


THE benefits of Opec's agreement to cut output have proved elusive. With less than three weeks to go before the group's next meeting, something is very, very wrong as far as oil producers are concerned. And they have no easy solution to put it right.

The oil price is not far

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