November 4, 2016
KNOWING YOUR ALLIES:
Exclusive: Saudis could raise oil output again as sparring with Iran returns - sources (Rania El Gamal, Alex Lawler and Dmitry Zhdannikov, 11/04/16, Reuters)
Old disputes between Saudi Arabia and rival Iran resurfaced at a meeting of OPEC experts last week, with Riyadh saying it could raise oil output steeply to bring prices down if Tehran refuses to limit its supply, OPEC sources say.
The trade deal could not have worked out any better.
Posted by Orrin Judd at November 4, 2016 12:55 PM