| OPEC's failure to reach agreement at its recent meeting to hike oil production to prevent fresh price spikes could jeopardize the group's unity and weaken its ability to influence crude prices, a prominent oil analyst has said.
The rifts that emerged at the June 8 meeting on whether to maintain output or increase supplies will also give rise to speculation in the market and this could destabilize prices, said Walid Khadduri, a consultant at the Nicosia-based Middle East Economic Survey (MEES) and former information chief at the Kuwaiti-based..............................................Full Article: Source
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