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Opec strategy to go full throttle begins to backfire

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Published Wed, Aug 19, 2015 · 09:50 PM

    New York

    THE costs of Opec's plan to protect members' share of the oil market by out-producing rivals are mounting.

    As oil prices slump to six-year lows, the risks of worsening political turmoil are rising in the organisation's most vulnerable nations. This includes Algeria, Iraq, Libya, Nigeria and Venezuela, a group dubbed the "Fragile Five" by RBC Capital Markets Ltd.

    Oil pricesOpec

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