OPEC's ‘Fragile Five’ Face Rising Cost in the Fight for Oil Market Share
Crude's at a six-year low and the political risks are mounting
Oil Market's Response to Global Supply and Demand
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The costs of OPEC’s plan to protect members' share of the oil market by out-producing rivals are mounting.
As oil prices slump to six-year lows, the risks of worsening political turmoil are rising in the organization’s most vulnerable nations. This includes Algeria, Iraq, Libya, Nigeria and Venezuela, a group dubbed the `Fragile Five' by RBC Capital Markets Ltd.