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Saudi Officials Wary Of Iraq Return To Oil Boom
Saudi officials fear Iraq's comeback to 3.5 million barrels daily could pressure prices and strain an economy already buoyed by higher oil output. Analysts warn of OPEC strain and potential price volatility as Iraq, Russia, and Caspian sources increase production. Saudi production has risen from 7 to over 9 million bpd to fill gaps.
MENTIONED IN THIS ARTICLE
Iraq
Riyadh
Saudi Arabia
Saudi Arabian
Said al Sheik
Jeddah
National Commercial Bank
OPEC
Leonidas Drollas
Centre For Global Energy Studies
London
Prince Saud bin Feisel
Hamad Saud al Sayari
Saudi Monetary Authority
Federal Reserve
Caspian
Venezuela
Nigeria