The federal government says it’s “uncertain” whether Saudi and Russian oil output will be enough to offset Iran’s cuts after sanctions kick in, according to new projections released on Wednesday.
The Energy Information Administration assumes “some supply increases” coming from major producers in 2019, but a lot is resting on the June 22 meeting of the Organization of the Petroleum Exporting Countries and non-OPEC countries like Russia.
Stay informed.Stay ahead.
Join Washington Examiner for unlimited access to the news, analysis, and commentary that matter most.
See Options
Already a member? Log in
Print subscriber? Click here to login/register your account
Digital subscriber? Click here to login/register your account.
