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Saudis in damage control ahead of OPEC meeting

WITH US shale producers back in business at $US50/barrel WTI, all the pain is now with OPEC, but banks believe there is even less chance of a surprise agreement as relations between olive branch-bearing Saudi Arabia and Iran ahead of tonight's OPEC meeting in Vienna worsen.

Anthony Barich
Saudis in damage control ahead of OPEC meeting

Reports surfaced yesterday from OPEC delegates in Vienna that Saudi Arabia was considering backing a ceiling on the group's collective production, hopes which were given further oxygen when the kingdom's...

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