June 28, 2018 / 3:16 PM / in 2 months

US hopes Saudi, Russia can boost oil output to compensate for Iran -Perry

WASHINGTON, June 28 (Reuters) - U.S. Energy Secretary Rick Perry said on Thursday that he is confident that Saudi Arabia and Russia can increase their crude oil production to stabilize the world oil market and compensate for supply losses caused by renewed U.S. sanctions on Iran.

Perry made the comments at a press conference at the World Gas Conference in Washington. (Reporting by Richard Valdmanis)

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