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Oil prices could drop to $50 per barrel if OPEC+ member countries do not comply with the agreement to limit production, stated Saudi Arabia’s Energy Minister, Abdulaziz bin Salman, according to The Wall Street Journal. The agency notes that other producers interpreted this as a hidden threat and a signal that the kingdom is prepared to start a price war to maintain its market share. Key members of the Organization of the Petroleum Exporting Countries and their allies, known collectively as OPEC+, are expected to discuss this during an online meeting today. After Iran launched missiles at Israe…

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