The Winner From Trump’s Iran Sanctions? Saudi Arabia

Published: 12/05/2019
The Winner From Trump’s Iran Sanctions? Saudi Arabia
Source: NEWS.YAHOO.COM

Iraq, Kuwait and the U.A.E. — will almost certainly follow suit. Saudi Arabia has plenty of room to boost its output without breaching the production targets it agreed for the first half of 2019 as part of the OPEC+ deal to manage oil supplies. Output in April was more than 500,000 barrels a day below that level.

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