LONDON (ICIS)--The volatility in oil pricing has been felt all over the world, but nowhere more so than in the Middle East. With the US’ rising primacy as an oil power weakening OPEC’s position as the swing producer of the global crude markets and Middle Eastern governments forced to dip into cash reserves to offset the hole in balance sheets, the bumpy road of the last four years has provided the momentum to enact long- anticipated reforms.
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