Saudis face another test after battle with shale is won
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London
EVEN if Saudi Arabia wins its struggle with US shale producers over market share, it will face a new billion-barrel adversary.
It won't be regional nemesis Iran, a resurgent Iraq or long-standing competitor Russia. The answer will be more prosaic: Even when overproduction ends, a stockpile surplus of more than one billion barrels built up since 2014 will remain, weighing on prices.
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