Saudi oil output may rise in June, but U.S. may not get the extra exports it wants

5/3/2019

Saudi's output increase was not related to Washington’s push for more OPEC oil after it ended waivers to buyers of Iranian oil. The waivers had allowed them to purchase crude from Iran despite U.S. sanctions. WTI Crude is $61.76; Brent is $70.47 this morning.

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