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Last week, Saudi Arabia announced it has 268.5 billion barrels of proven crude oil reserves, a figure 2.2 billion barrels higher than previously known.

Saudi energy minister concerned about oil price volatility →

Countries such as China and Saudi Arabia have the ability to say: Play by our rules, or we'll shut you out.

For access to China, Saudi Arabia, U.S. firms will have to pay a steep price →

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