| The tension has been palpable in the lead-up to next week’s Opec gathering in Vienna. As the oil price has languished at four-year lows, a flurry of diplomatic missions between some of the cartel’s members has taken place. Signalling through public statements and unofficial channels has ramped up.
In the past few days, Nigeria has said it will use up half its so-called excess crude account to support current spending, Kuwait’s cabinet has called for action to address the price slide, while Iran and Venezuela have sought support from fellow crude producers to shore up prices..........................................Full Article: Source
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