Saudis Increase Oil –

The Saudis are expected to increase oil production by a half a million barrels a day next month.  This increase will bring the Saudi production to around 10 million barrels a day.  More important than the increase is the signal of independence from OPEC by the Saudis.  Saudi Arabia is a key American ally and is likely to play a greater role in the middle east.

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Jim Sutliff

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