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With its vast reserves, low extraction costs and high spare capacity, Saudi Arabia will continue to remain the dominant power broker in the OPEC and international energy markets. (Shutterstock)
June 19th, 2018 - 08:06 GMT

A Look at Saudi Arabia and the New Economics of Oil

There is absolutely no doubt that the next Opec ministerial meeting this week will pit Saudi Arabia and its Gulf allies against Iraq, Iran and Venezuela, three founder members of the oil exporters organisation.
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