Iranians drivers refuel their vehicles at a gas station in the capital Tehran on January 19, 2016
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Why won’t oil producers cut supply to boost the price?

The global price of oil has fallen by more than two thirds since mid-2014 to under $28 a barrel.

US shale oil coming on stream and now Iran's re-entry into the market mean supply is high and likely to stay high.

So why aren't Opec members cutting supply to boost prices?

Produced by Alexi Peristianis

BBC Monitoring reports and analyses news from TV, radio, web and print media around the world. You can follow BBC Monitoring on Twitter and Facebook.

  • 20 Jan 2016
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