Why The Saudis Can’t Keep A Lid On Oil Prices

Saudi Arabia is incapable of offsetting all of Iran’s crude oil supplies, according to the latest oil market message shared by several analysts who spoke to CNBC. Based on this, the analysts said, Brent crude could very well hit US$100 a barrel before this year’s end. Yet nothing is certain, and this uncertainty will only deepen as the Iran sanction launch approaches. It may turn out that things are not what they seem.

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