Saudi oil production for June is expected to remain below the kingdom’s ceiling under an agreement between OPEC and its allies limiting output until the end of next month
Iranian crude
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Crown Prince Mohammed bin Salman
Oil drops on Saudi assurance and hopes for US waivers on Iran
Saudi Arabia can tap its spare production capacity immediately to offset any declines in Iranian crude exports, the kingdom’s crown prince said in an interview
iran nuclear deal
Saudi Arabia ready to ‘mitigate’ impact of Iran oil sanctions
New sanctions could disrupt as much as 1 million barrels a day of Iranian crude – about a quarter of its total output – opening room for Saudi Arabia to fill the gap