| The era of OPEC domination over the global energy market is over, the former head of the oil cartel has told Sky News. Abdullah bin Hamad al-Attiyah, the former energy minister of Qatar, said that the group of 12 oil exporters, which dominated the production and price-setting of energy for half a century, had surrendered its power to single-handedly affect prices.
He urged the organisation to collaborate with Russia and reduce global oil production. Asked whether the era of OPEC dominance was finished, he said: "It's over. OPEC cannot play alone. This is why when OPEC met at the last moment they cannot decide it because if they will cut there is no meaning it will be the others who will benefit and even increase their production."..............................................Full Article: Source
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