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Opec pact likely to evolve rather than end

At some point, Opec and its allies will be forced to shift their focus back towards boosting output and stemming the erosion of their market share. The only question is when.


"THE lexicon of exit is not found in our vocabulary," Opec secretary-general Mohammad Barkindo told reporters on the sidelines of a conference in Cairo on Monday.

Ministers from the Organization of the Petroleum Exporting Countries have been anxious to counter speculation...

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