NEWS ARCHIVE

OPEC's market share worries confirmed

NEW figures show the oil price war launched by the Organisation of Petroleum Exporting Countries in November followed the cartel's biggest fall in the global crude market share since 2003.

The cartel's annual statistical bulletin has revealed OPEC's share of the global crude market slipped from 43.4% in 2013 to 41.8% to 2014 with war-torn Libya responsible for more than half of that output...

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