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Iran to ramp up crude exports to fend off rivals

Its move matches Saudi strategy that it earlier opposed

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Published Mon, Nov 30, 2015 · 09:50 PM

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    London

    ALMOST by accident, Opec adversaries Saudi Arabia and Iran are about to work as a team.

    When the Saudi kingdom decided last year that Opec should keep pumping to counter a surge in US shale oil, Iran spearheaded resistance to the idea, saying output cuts were needed to buoy prices. Still a critic, Iran is nonetheless poised to amplify the strategy as it ramps up crude exports with the end of sanctions.

    OpecSaudi ArabiaIran

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