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Saudi Arabia, worried the cost of oil will stifle the already weak global economy, is set to...

Saudi Arabia, worried the cost of oil will stifle the already weak global economy, is set to ship additional crude to its main customers in the U.S., Europe and Asia through the end of the year, FT reports overnight. The trick is how to do so while avoiding a confrontation with Iran, which has threatened the Saudis not to hike supplies to offset the impact of sanctions on Iranian crude exports.
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Comments (2)
  • Ananthan Thangavel
    , contributor
    Comments (836) | Send Message
     
    Crude oil looks very weak. In the past, crude has led the stock market both up and down. We could get a pretty sizable correction in equities.
    19 Sep 2012, 02:49 PM Reply Like
  • American in Paris
    , contributor
    Comments (5504) | Send Message
     
    Is Saudia Arabia doing CO2 injection now?
    19 Sep 2012, 03:36 PM Reply Like
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