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How much longer can Opec hold out?

Geopolitical and economic realities are threatening to undermine the 12-member group's production strategy.
Tuesday, April 14, 2015 - 05:50
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With the fall in crude prices, Opec earned around US$730 billion in export revenues in 2014, 11 per cent down from a year ago. The EIA predicts Opec's exports (excluding Iran) to fall to US$380 billion this year.

THE Organisation of Petroleum Exporting Countries (Opec) has been the most talked about international organisation among investors, analysts and international political lobbies in the last few months.

When Opec speaks, the world listens in rapt attention as it accounts for nearly 40 per