Last month's decision by OPEC not to cut output to below 30 million bpd was "Was made by consensus by all ministers" and not aimed at other markets, the organisation's secretary general Abdalla Salem El-Badri says.
An energy official from the United Arab Emirates claims that market forces and the response from high-cost oil producers will dictate the price of crude, not OPEC, according to Reuters.
Abu Dhabi Financial Group (ADFG), a multibillion-investment firm, has announced the acquisition of New Scotland Yard, the home of London's Metropolitan Police since 1967.
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