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World

Is Opec’s power finally failing?

1 January 2024

3:40 AM

1 January 2024

3:40 AM

Since 1973, much of global politics has been conducted in the long shadow of the Organisation of Petroleum Exporting Countries (Opec) cartel. That was the year Opec first set its stamp on global affairs by engineering an oil crisis in response to Western governments’ support for Israel in the Yom Kippur War.

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