Oil world's have-nots feel pain of OPEC decision

Not all oil giants are created equal, as struggling Venezuela, Nigeria, Iran and Russia are painfully aware in the wake of OPEC’s divisive decision to maintain production levels.

Last week’s decision to keep output at 30 million barrels a day has sent oil prices tumbling to five-year lows and split the 12-country cartel and other key producers between haves and have-nots. While well-heeled OPEC members are playing a long game to protect their market share in the face of a US shale oil onslaught, their poor cousins are desperate for prices to rise so they can balance their books and salvage their teetering economies.