05.12.2013 - Iran threatens to trigger oil price war
Tension between Iran and Saudi Arabia over Tehranís plans to raise oil output spilled into the open on Wednesday as Opec rolled over its production target in the belief a wall of supply will fail to materialise next year. The oil producersí cartel controls around a third of the global oil market and, as the only source of spare capacity, exerts a big influence over prices...............................................Full Article: Source
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