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Saudi Reportedly Hopes to Control Oil Price Below US$80/Barrel
The world's largest oil-producing country Saudi Arabia is hoping to control oil price within the range of US$70-80/per barrel as an effort to strike a balance between boosting ...
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Saudi Reportedly Hopes to Control Oil Price Below US$80/Barrel
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2018/09/05 15:49
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The world's largest oil-producing country Saudi Arabia is hoping to control oil price within the range of US$70-80/per barrel as an effort to strike a balance between boosting oil income and avoiding criticism from the US before the US congressional elections, sources from OPEC and the oil industry quoted as saying by Reuters.

The Middle East country needs capital support for a series of economic projects so it is trying to maintain a high oil price without offending the US, sources said.
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