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OPEC’s dire finances fuel oil freeze talks

Posted on 08 September 2016

Price wars can be painful — even for the mighty OPEC. That’s why the oil cartel, along with Russia, is once again entertaining a freeze in production aimed at putting a floor beneath low prices.
The goal is to keep prices high enough to give oil-reliant countries a financial boost, but not so high that they encourage their chief rival — American shale oil producers — to start pumping aggressively again………………………………………..Full Article: Source


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