”OPEC and its allies on Sunday inched closer to continuing their existing production targets through the end of the year, delegates said, as fear of a returning oil glut outweighed apprehensions around Middle East conflict.”
But Saudi Arabia has been producing under its allotted volume…
”But Mr. al-Falih said Saudi Arabia’s production level could increase. “We cannot commit that we will remain 560,000 barrels a day below our target”, he said.”
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