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Oil prices tumble after failure of Doha talks

"The meeting concluded that we all need time for further consultation," says Mr al-Sada. "Participating countries will consult among themselves and with others" until the next Opec meeting, he adds.


OIL prices tumbled on Monday after a meeting by major exporters in Qatar collapsed without an agreement to freeze output, leaving the credibility of the Organization of the Petroleum Exporting Countries (Opec) producer cartel in tatters and the world awash with unwanted fuel....

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