OPEC

OPEC Takes Revenue Hits But Stays Course On Output

The oil exporters of the Middle East and Africa, dominated by the Gulf Arab states, are looking at a near-$400bn earnings loss for 2015 as a result of the slide in oil prices, the International Monetary Fund (IMF) says. Yet despite these grim projections, which match a similar outlook by the International Energy Agency (IEA), Opec’s biggest producers in the region are holding fast to their policy of maintaining their output at...