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Analysis: OPEC grinds down over politics at latest meeting

06/13/2011
Eric WatkinsOil Diplomacy EditorThe Organization of the Petroleum Exporting Countries normally likes numbers to run the show, but this week numbers took a decided back seat to politics as the group failed to reach a consensus over any output increase.OPEC Sec.-Gen. Abdullah El-Badri put a diplomatic spin on the failed meeting saying, "Unfortunately we are unable to reach a consensus to reduce or raise production."El-Badri said failure to reach agreement among the 12 member states came down to discrepancies in their official data about oil demand and supply."Everyone has his own data and information," El-Badri said. "Some of them, they have different numbers&hellip...
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