11.06.2014 - Nigeria vies for control of Opec as cartel ponders oil output
Ministers from the Organisation of Petroleum Exporting Countries reportedly divided over new Nigerian leadership pitch. The Organisation of Petroleum Exporting Countries (Opec) - a group of 12 nations who control over a third of the world’s crude - meets on Wednesday in Vienna as political turmoil in Iraq and Libya pushes prices higher and opens up divisions within the cartel. The price of North Sea Brent crude nudged up above $110 (£65) per barrel in the run up to the gathering of oil ministers, offering little hope to British motorists that fuel prices in the UK will be falling at anytime in the near future...............................................Full Article: Source
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