| Saudi Arabia is poised to boost its share of OPEC oil production in the coming months, as Iran's rapid recovery runs out of steam and the kingdom raises output as summer temperatures soar.OPEC's biggest exporter has seen its share of the group's production chipped away despite its landmark decision in November 2014 to no longer support crude prices by holding back supply.
The strategic shift was driven by a desire to protect its own market share, but that's been restrained by rising production from Iraq, Indonesia's return to OPEC and the easing of sanctions on Iran...............................................Full Article: Source
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