Thursday, 18 February 2016

Saudi oil output freeze sees economics trump enmity

Saudi oil output freeze sees economics trump enmityThe growing pain of plunging oil prices has galvanised Saudi Arabia to look beyond its rivalry with Russia and Iran over regional conflicts and pursue cooperation on production, analysts say. The determination of Saudi Arabia, the world's top oil exporter and de facto leader of the OPEC oil cartel, to protect its market share has contributed to a slump in oil prices to 13-year lows.



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