Oil price falls as Saudi Arabia and Iran argue over output

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Rising tension has threatened to derail talks this month aimed at cutting oil production by Opec countries

Squabbling between Saudi Arabia and Iran has sent the oil price down, as tension between the near neighbours threatened to derail talks aimed at cutting production by the Opec group of oil-producing countries.

Riyadh is reportedly threatening to turn the screw on Tehran before this month’s crunch Opec meeting by increasing its own output to push prices even lower.

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Source: iran
Link : Oil price falls as Saudi Arabia and Iran argue over output

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