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Opec awaits Saudi ruling on its future

Oil-price hawks fear group is becoming more of a talk shop than an output-setting cartel

Published Fri, May 27, 2016 · 09:50 PM

Dubai

FOR those seeking guidance on Saudi Arabia's thinking regarding the future of Opec, the last few weeks' agenda of the new Saudi energy minister, Khalid al-Falih, might offer a few clues.

Since his appointment on May 7 as head of a new mega-ministry - overseeing energy, industry, mining, atomic power and renewables - Mr Falih has toured six state firms, met the South Korean premier, the Canadian foreign minister and Gulf industry ministers, and opened a gas turbine plant.

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