Why Saudi Arabia raised oil output before Israel's attack on Iran
London/New York | Israel's sudden attack on Iran has threatened to disrupt oil supplies in the Middle East, placing the OPEC+ cartel's recent decision to increase crude production in the spotlight.
The Saudi Arabia-led producer group has surprised the oil market this year by fast-tracking the return of idled production even as crude prices fell. It has prompted speculation that the cartel was responding to White House pressure to boost output ahead of a confrontation with Iran.
Financial Times
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