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Opec's oil woes

Jun 22, 2018 - City A.M.

[Re: Bickering Opec member states to decide on raising oil production] Opec will likely agree to increasing production this week, but questions surround the size of the raise and the accompanying announcement - which may cause very different market reactions. Russia and Saudi Arabia want to raise output for both market-related and political reasons, but face resistance from Iran, Venezuela, and other countries whose limited or non-existent spare capacity means that they would hardly benefit from...