OPEC's Surprise Oil Deal With Libya Seen as Empty Gesture
A flag of the Organization of Petroleum Exporting Countries (OPEC) stands on the desk during a news conference following the 173rd Organization of Petroleum Exporting Countries (OPEC) meeting in Vienna. (Photographer: Akos Stiller/Bloomberg)

OPEC's Surprise Oil Deal With Libya Seen as Empty Gesture

(Bloomberg) -- OPEC appeared to score a diplomatic coup last week by persuading Libya, its most troubled member, to accept production limits. In reality, the agreement probably means little for the...
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