OIL OUTPUT WILL UP
PLATTS - The global oil market "is going to be stressed" when US sanctions against buyers of Iranian crude return in November, but the US government is confident increased production from Saudi Arabia and Russia can meet the supply gap, US Energy Secretary Rick Perry said Thursday.
Perry said he would not recommend that the US tap its Strategic Petroleum Reserve to respond to a price spike after the sanctions take effect.
"The Strategic Petroleum Reserve is in place for emergency…
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