Russia won't immediately raise oil output after Iran waivers end

But, he added, 'none of our partners, including Saudi Arabia, is withdrawing from our agreements within OPEC.' Saudi Arabia, the world's top crude exporter, has also said it had no immediate plans to raise oil output after the sanctions waivers end. There had been speculation that Riyadh could step in to plug the gap left by the removal of Iranian crude. Eight countries including China, India and Turkey had been given temporary waivers by the US when it reimposed sanctions on Iran last year. The end of the exemptions sparked fears of supply shortages, pushing prices to near six-month highs. DailyhuntDisclaimer: This story is auto-aggregated by a computer program and has not been created or edited by Dailyhunt. Publisher: Hindustan Timeshttps://publiclab.org/profile/alibrand

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