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Commodities Briefing - Categorized | Market Moves, Oil more

Tensions in run-up to Opec quota meeting after Iran’s deal with the West

Posted on 02 December 2013

Opec is one of the few forums where senior officials from opposing Middle East superpowers Iran and Saudi Arabia regularly sit face-to-face. Vienna will this week see some of the oil industry’s most powerful decision-makers converge on the city when the Organisation of Petroleum Exporting Countries (Opec) convenes for its final quota-setting meeting of the year.
Opec gatherings can often appear like the plot of a James Bond film with an exotic cast that includes Venezuelan, Iranian, Saudi, Libyan and Iraqi oil men plotting around a table how to control the world’s energy supplies. In reality, these meetings, in recent years at least, have been far more mundane………………………………..Full Article: Source


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