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Saudis face another test after battle with shale is won

Even when overproduction ends, a stockpile surplus of more than 1b barrels will remain and clearing the glut could take years.


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...

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