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Opec likely to maintain output

Its strategy of going for market share rather than prices is working, say analysts

BOWING TO PRESSURE: US producers have idled more than half their rigs since October. Prices rose 46% since mid-January as a result.


THE Organisation of Petroleum Exporting Countries (Opec) will stick with the strategy of favouring market share over prices when it meets next month because rival producers are already starting to buckle.

All but one of the 34 analysts and traders surveyed by Bloomberg said