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Monday, 22 December 2014 - 8:20
Oil price fall not Opec's fault, Gulf ministers say
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Oil-rich Gulf states have vowed not to cut crude production, blaming speculators and producers outside the Opec group for tumbling prices.

Saudi Arabia's Oil Minister said "the spread of misleading information and speculation" had contributed to the 40% price fall.

Speaking in Abu Dhabi, he also dismissed claims of a Saudi plot to push prices down for political goals.
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