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Nov 06, 2017· The Kingdom of Saudi Arabia (KSA) wants oil prices to head back to 100. And there are a couple of ways of achieving this ambitious goal.
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Remember, Saudi Arabia adding to the supply glut not so long ago. So, do the math. The US wants Saudi Arabia to add 2 million bpd but Saudi Arabia will add only about 550,000 more bpd to offset the lost Iranian supply, to answer the question. Well, the decision, when it hit the news, hardly influenced the oil prices. See, times have changed.