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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

Saudi Minister of Energy and Industry Khalid Al-Falih hints of an extension to the supply curbs


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).

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