RANIA EL GAMAL

Facing new oil glut, Saudis avoid past mistakes to halt price slide
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Facing new oil glut, Saudis avoid past mistakes to halt price slide

Still haunted by its failed attempt to prevent a steep drop in oil prices by slashing production by almost three quarters in the 1980s, the world's top oil exporter Saudi Arabia is determined not to make the same mistake again.

By RANIA EL GAMAL

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