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Shift in Saudi thinking on prices deepens Opec rift

Riyadh now views targeting prices as futile against structural change

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As OPEC officials gathered this week to formulate a long-term strategy, few in the room expected the discussions would end without a clash.

Dubai

AS OPEC officials gathered this week to formulate a long-term strategy, few in the room expected the discussions would end without a clash. But even the most jaded delegates got more than they had bargained with. "Opec is dead," declared one frustrated official, according to two