| A price war between Russia and the oil producers of the Middle East is becoming more intense, the International Energy Agency (IEA) said in its report. The document notes that Iran, Iraq, Saudi Arabia and Kuwait are trying to win Russia’s traditional market.
Recently, Iran began oil supplies to Poland after Saudi Arabia, the report says. Saudi Aramco, in turn, has reduced oil prices for Mediterranean Europe customers with delivery in August, and competitors from the Middle East are expected to follow suit...............................................Full Article: Source
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