Highlights Saudis cannot commit to specific output pledge Falih says Saudis monitoring market Coordination on Iran may increase Venezuela, Libya risk Washingtron — The expected oil supply impact of a slashing of Iranian oil exports to zero would be largely countered by increased production from Saudi Arabia, the Trump administration indicated Monday, but analysts said global output cooperation would be more challenging. “The US wants to leave the impression that its Gulf partners will replace Iranian oil barrel for barrel,” said Ellen Wald, an energy industry and policy consultant at Transversal Consulting. “But the Saudis can’t publicly commit to anything more than a general market management.” Saudi Arabia has the physical capacity to replace the Iranian barrels which may be potentially lost when the sanctions waivers expire early in May, but spare capacity to replace other supply […]