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Opec's new challenge: how to become less oil centric

The organisation's bruising battle for market share has helped fuel the push for painful reforms.

Opec pumps roughly two million bpd more than its November 2014 level, yet its members face enormous fiscal strains.

CAPPING production even at the current high levels has proved a huge challenge for oil producers and yielded the infamous Doha outcome recently.

The Gulf politics that derailed the bid will not be easily healed and market rebalancing underway should avoid further embarrassment.


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