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Saudis seen losing market share to Iran, Iraq after oil cuts

Opec's top producer makes more than its share of cuts of 486,000 barrels a day

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Published Thu, Apr 27, 2017 · 09:50 PM

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    Dubai

    SAUDI Arabia, the world's biggest crude exporter, is losing market share to Iraq and Iran as a result of Opec's agreement to curb supplies to bolster prices, according to the head of research at Abu Dhabi Investment Authority (ADIA).

    "If you're talking about winners, you can count Iran and Iraq," Christof Ruehl said on Wednesday at a conference in Dubai.

    Saudi ArabiaOpec

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