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Friday, 28 November 2014

Saudis block OPEC output cut, sending oil price plunging

OPEC Secretary-General al-Badri waits for the start of a meeting of OPEC oil ministers at OPEC's headquarters in Vienna VIENNA (Reuters) - Saudi Arabia blocked calls on Thursday from poorer members of the OPEC oil exporter group for production cuts to arrest a slide in global prices, sending benchmark crude plunging to a fresh four-year low.








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