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Why The Saudis Can’t Keep A Lid On Oil Prices

Saudi Arabia is incapable of offsetting all of Iran’s crude oil supplies, according to the latest oil market message shared by several analysts who spoke to CNBC.

Saudi Arabia Declares Inability to Affect Oil Market

Saudi Energy, Industry and Petroleum Minister Khalid Al-Falih said on Sunday that his country was unable to influence oil prices, two days after US President Donald Trump asked OPEC to reduce fuel prices.

Iran Sanctions to Push Oil Prices to $95 Bpd: Italian Daily

Italy's Wall Street newspaper referred to the US withdrawal from the 2015 Iran nuclear deal and the resumption of sanctions on the country, saying the anti-Iran sanctions could boost oil prices to $ 95 per barrel.

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