SOMO Denies OPEC Price War

By John Lee.

The State Oil Marketing Organization (SOMO) has denied that it is waging a price war against other oil producers.

The company recently slashed price to its Asian customers due to what it described as “changes in the market” but has denied that this was an attempt to undercut other members of the Organization of the Petroleum Exporting Countries (OPEC).

(Source: NASDAQ.com)

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