Iran Crisis Warps OPEC Equation as Saudis Signal More Supply
Next OPEC meeting will be about production revival: Amrita Sen/ The international nuclear agreement with Iran might not be the only deal U.S. President Donald Trump has unraveled./ On Monday, Saudi Arabian Energy Minister Khalid Al-Falih was repeating his that production cuts by OPEC and its allies must keep going. Within 48 hours, the kingdom had raised the prospect of increasing output./ Between the two pronouncements came Trump’s decision to scrap the Iran deal, re-imposing sanctions on the world’s fifth-biggest oil exporter./ “There is ...
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