SAUDIS - RUSSIA COORDINATION
FT - Saudi Arabia will not act unilaterally to increase oil supplies following renewed US sanctions on Iran's energy industry, a Gulf source familiar with Riyadh's thinking said, with any rise in output to be co-ordinated with Russia and other producers.
The comments, which came as oil crested $77 a barrel for the first time since 2014 on fears of a drop in Iranian exports, are a signal that the Opec kingpin is not willing to turn its back on a growing energy alliance with Russia, with which it has worked since early…
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