Irish Independent | Oil states left looking down the barrel Irish Independent Demand from China is tumbling, as that country's economy slows down sharply, while Opec - the cartel of oil producing nations that has traditionally controlled supply - has maintained high levels of production as it seeks to wipe out competition from ... How much longer can Saudi Arabia's economy hold out against cheap oil? Opec unity cracks as disgruntled members call for meeting to stem oil slump Saudis get that 1998 feeling as lower oil price threatens wealth |