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Shift in Saudi oil thinking deepens OPEC split


Saudi Arabia's Oil Minister Ali al-Naimi arrives to a meeting between OPEC and non-OPEC oil producers, in Doha, Qatar April 17, 2016.- REUTERS

Saudi Arabia's Oil Minister Ali al-Naimi arrives to a meeting between OPEC and non-OPEC oil producers, in Doha, Qatar April 17, 2016.- REUTERS

LONDON/DUBAI: As OPEC officials gathered this week to formulate a long-term strategy, few in the room expected the discussions would end without a clash. But even the most jaded delegates got more than they had bargained with.

"OPEC is dead," declared one frustrated official, according to two sources who were present or briefed about the Vienna meeting.

Oil & Gas , Corporate News , Forex

   

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