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How did Saudi Arabias price cut of oil in 1986 spark global economic growth?

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How did Saudi Arabias price cut of oil in 1986 spark global economic growth?

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980 to 1986, OPEC decreased oil production several times and nearly in half to maintain oil’s high prices. However, it failed to hold on to its preeminent position, and by 1981, its production was surpassed by Non-OPEC countries.

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