Saudi Arabia floods market with diesel, opening fuel price war

Saudi Arabia, the world's top crude oil exporter, has turned itself into a major refined-fuels power, offering customers millions of barrels of diesel and potentially triggering a price war with Asian competitors as its exports feed into a glut.Saudi Arabia, a leading member in the Organization of Petroleum Exporting Countries, had pledged last November to keep crude output high to defend its market share against higher-cost producers.
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