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Opec thinking of self-preservation, not market expansion

Tuesday, October 25, 2016 - 05:50

OPEC's recent agreement to curb its runaway oil production is a capitulation to new energy and environmental realities. The group has lifted output by about 11 per cent over the level in November 2014, when it opted for a market share drive, but it has been achieved at a terrible cost to itself

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