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Saudi Arabia raises oil output amid fears of supply crunch

  • The IEA noted that only Saudi Arabia and OPEC’s other Middle East members have the ability to ramp up production swiftly to alleviate any supply shortages in the market.
  • US President Donald Trump blamed OPEC for excessive oil prices. “Oil prices are too high, OPEC is at it again. Not good!”
By Richard Wachman ·