Saudi Arabia has started boosting oil production after two years of curtailing output, a move that gives Riyadh a jump on other OPEC producers who are expected to open the spigots later this month. The added crude isn’t huge in terms of overall Saudi production. But it marks a sharp u-turn for Riyadh, which had led a coalition of big producers who have cut back hard on output during the past two years. The added oil could further cool prices, which after topping $80 a barrel on international markets, have subsided more recently. Last month, Saudi Arabia’s oil minister said he was considering relaxing those production cuts. Saudi Arabia, fellow members of the Organization of the Petroleum Exporting Countries, Russia and a handful of other big crude producers, agreed in 2016 to throttle back their production in an effort to cut global output by 2% from levels at the […]