By Sapa-AFP
Paris - Opec's reluctance to rein in oil prices is less a sign of a change in attitude in the oil cartel than a bid to compensate for loss of revenue because of the weak dollar, analysts say.
Opec has twice shocked the market in recent months by announcing a cut in its production quota even though high oil prices did not appear to justify this.
The cartel has said one reason is that many countries are in fact enjoying low oil prices because of the weak dollar
......
Read more on Business Report