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Disastrous meeting shows Opec will never again be the force it once was

AS recently as August 2014, oil prices were just above US$100 per barrel. On Tuesday, they hovered at close to US$40, a roughly 60 per cent drop in 16 months.

After the meeting of the Organization of the Petroleum Exporting Countries (Opec) in Vienna on Friday, oil prices have entered...

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