‘Perfect’ oil price disguises Opec divisions

* username: rupertbu

The Opec oil cartel’s catchphrase for its meeting in Vienna tomorrow appears to be: “Why mess with perfection?”

However, beneath the surface a dispute is simmering as some members grab market share by flouting their promises to make production cuts.

At about $80 a barrel, oil prices are where the group’s 12 members want them to be, allowing most producing countries to meet their national budgets.