| Opec is now "powerless" on its own to prevent oil prices falling further because of a 2m barrels per day (bpd) surplus of supply in the market and the cartel should seek a deal with Russia, Norway and Mexico to arrest the decline, according to a senior Gulf official.
Speaking exclusively to the Telegraph, Abdullah bin Hamad al-Attiyah, a senior adviser to the Emir of Qatar and a former president of the Organisation of Petroleum Exporting countries (Opec) said: "Opec can't solve this problem alone like before, now it's a different story. Russia, Norway and Mexico all must sit down with Opec to discuss making cuts."..............................................Full Article: Source
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