{FD} Financial Jihad: Saudi Arabia increases oil output to crush US shale frackers

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Saudi Aramco chief says kingdom is now pumping 9.8m barrels per day in bid to win oil price war with US shale frackers. Saudi is ramping up production Photo: AP By Andrew Critchlow, Commodities editor 1:34PM GMT 27 Jan 2015 Saudi Arabia has secretly increased its oil production to 9.8m barrels per day (bpd), its highest … Continue reading