Gulf oil producers seen riding out price plunge | GulfNews.com:
"Energy kingpin Saudi Arabia and other wealthy Gulf states are set to resist pressure to tighten the taps significantly to shore up oil prices as the global economy stumbles, analysts say.
Oil prices have fallen by a quarter since June as excess supply and weaker demand create a glut on world markets, prompting some other exporters to call for cuts in output.
But while curbing production could help to arrest the price decline, it would also leave the Gulf states at risk of losing market share."
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