Saudi Arabia is reminded of its obligations to production quotas outlined by an OPEC-led agreement brokered in late 2016, Iran’s oil minister said Monday. The latest survey from commodity pricing group S&P Global Platts put Saudi oil production in June at an 18-month high. Production in June reached 10.39 million barrels per day, above the quota of 10.06 million barrels per day outlined in the OPEC-led agreement from 2016. Citing people with knowledge of the matter, Bloomberg News on Monday reported the Saudi Arabian Oil Co., known more commonly as Saudi Aramco, told its Asian customers it could get more cargoes of crude oil. The report said the volume committed was beyond the company’s […]