MARKETS

Drama in Dubai as OPEC optimism surges

THIS week ended with a wave of optimism, albeit drama, as OPEC expects global oil inventories to fall by next quarter and Iraq, which complained yesterday about not being exempted from the cartel’s cuts, said it wanted to see $US65/bbl.

Anthony Barich

Abu Dhabi.

The Gulf Cooperation Council oil ministers assembled at the Global Energy Forum in Abu Dhabi yesterday expressed confidence that the sovereign producers would live up to their commitments and cut output....

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