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Saudi Arabia set to pump oil flat out in new oil order, say Citi, Goldman

Mr Ali reiterated on Thursday that Saudi has about 1.5 million to 2 million barrels of daily reserve capacity.


NOT content with the blow it's dealt to US oil drillers, Saudi Arabia is set to escalate the battle for market share by raising production to maximum levels.

The world's largest oil exporter has already increased output to a 30-year high of 10.3 million barrels a day in a