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The
Organization of the Petroleum Exporting Countries, founded in 1960, coordinates
petroleum prices among producers and maintains a regular supply to consumer
nations
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●Saudi Arabia
commissions study into dissolving oil production cartel OPEC ●OPEC coordinates oil
prices among producers and maintains the supply globally ●Saudi now researching
effects of disbanding group amid surmounting pressure ●Kingdom faces scrutiny
following US president's criticism and Khashoggi affair
Saudi Arabia's leading
government-financed think tank is looking into the possible effects on oil
markets of a breakup of OPEC.
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The
move comes amid growing pressure on the Saudi government, including from the US
President Trump, who has accused the cartel of hiking up oil prices. While
investors have temporarily distanced themselves after US-based Saudi journalist
Jamal Khashoggi was brutally murdered by regime henchmen (Trump with Crown
Prince Mohammed bin Salman)
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