Saudis Take Iran’s Oil-Market Share, Keeping OPEC Supply Steady
An oil processing facility operates in Saudi Aramco’s Shaybah oilfield in the Rub’ Al-Khali (Empty Quarter) desert in Shaybah, Saudi Arabia. (Photographer: Simon Dawson/Bloomberg)

Saudis Take Iran’s Oil-Market Share, Keeping OPEC Supply Steady

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(Bloomberg) -- Saudi Arabia ramped up oil production last month by the most this year, largely filling the gap created by tougher U.S. sanctions on its political rival, Iran.
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