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Testing time ahead for Opec

Market woes and procedural headaches ahead as cartel meets in Vienna

WITH Brent futures sailing almost 50% above the range Saudi Arabia considers healthy and evidence of demand erosion beginning to mount, Opec faces one its trickiest meetings in years in Vienna on 8 June. And while it debates the signal it sends to an inflated market, Opec has other problems on its hands. Qatar’s recognition of the rebel Libyan government, the Transitional National Council (TNC), is causing a procedural headache. It will grow more severe if the TNC claims an official place in Vienna. A source within the TNC said it hoped to be present at the meeting. The rebels have their sympathisers within Opec, but the group cannot give it official status unless the United Nations, or Au

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