OPEC restraint sowing seeds of market share war

It is an inevitability of sustained higher oil prices that talk of market share war soon rears its ugly head.The Organization of Petroleum Exporting Countries has been applauded by markets for engineering, together with some key non-OPEC oil exporters, the production restraint that has spawned higher oil prices.Now OPEC is being chastised for not allowing oil demand to recover and being warned against encroachment upon its market share.Norway and Mexico already have quietly stepped away from their pledges to curb output. And if there were any doubt about Russia's willingness to extend its pledged restraint yet another quarter, it was erased by the meeting between US President George W...

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