Saudi Arabian Oil Production Rising as Iran's Output Falls

摘要

Saudi Arabia is producing crude at near-record levels as the kingdom continues to find more willing customers throughout the world, delegates said on the sidelines of the International Energy Forum (IEF) ministerial meeting Wednesday. Meanwhile, Iran -- which is under pressure from US and EU sanctions on its oil sector -- denied high Saudi output has caused any dip in its production, despite Wednesday's International Energy Agency (IEA) report showing a fall in Iranian output last month.