The Guardian | Is Opec relevant in an oil market of falling prices and overproduction? The Guardian Many Opec members have suffered as the oil price has collapsed and countries, most notably Saudi Arabia and Iran, have fought to retain market share rather than set prices by adjusting production. Crude-oil prices briefly fell under $30 a barrel for ... Iraq joins Mideast rivals raising oil exports ahead of OPEC meeting OPEC Expected to Keep Output Steady as Oil Rebalances Oil at $60 Gains More Backers on Forecast for Higher U.S. Demand |