EconomyNorth AmericaSaudi Arabia

Trump’s Milk Cattle Saud Says Ready to Pump More Oil to Balance Market

Saudi Arabia, the world’s top crude exporter, said on Tuesday it was prepared to use its spare production capacity, estimated at two million barrels, to balance the global oil market.

“The kingdom is prepared to utilize its spare production capacity when necessary to deal with any future changes in the levels of supply and demand,” a cabinet statement said following a meeting chaired by King Salman.

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