Bloody Hell

[andrewducker]

Why did nobody tell me that Saudi Arabia had left OPEC?

Next up - more of the oil producing countries converting to using the Euro.

Comments

[matgb]

Because as far as I can see it's journalistic hyperbole? They dissented with the majority and said they'd only put in a partial decrease in production instead of the full amount.

They're still listed as members and were in the meetings the next day. It likely means a weakening of the cartel, but it's not dead and they haven't formally left. Unless there are better sources stating they have than wikipedia and an MSN blog.

[andrewducker]

Cheers - if you hear more, let me know!