| Senior Opec ministers says cartel has no fear of oil prices falling to levels as low as $40 per barrel amid price war with Russia and US shale. Opec's most influential producers are willing to allow oil prices to fall to $40 per barrel before discussing whether the cartel should hold an emergency meeting to discuss cutting output.
According to Suhail al-Mazrouei, energy minister of the United Arab Emirates and a high profile delegate of the cartel: "We are not going to change our minds because the prices went to $60, or to $40."..............................................Full Article: Source
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