High-Spending Gulf In Dilemma As Opec Loses Relevance

alifarabia | June 12, 2011 | Bahrain, Iraq, Kuwait, Libya, Oil, Oman, Qatar, Saudi Arabia, UAE | No Comments

With Opec seemingly irrelevant, the GCC is trying to find a balance between responsible crude suppliers and their own domestic needs. But, as Deutsche Bank warns, their own high breakeven prices are making them even more vulnerable to oil price shocks than before. READ MORE HERE

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