A different oil shock

Print edition : February 19, 2016

A Saudi Aramco oil installation in the desert near Khouris, 160 km east of Riyadh, a file picture. Saudi Arabia’s attempt to cut its budget deficit will, for the first time, involve the sale of equity in the state-owned oil major. Photo: MARWAN NAAMANI/AFP

Iranians celebrate following a landmark nuclear deal in Tehran on July 14, 2015. The end of sanctions following this deal is expected to increase supply from Iran by 500,000 barrels per day immediately and one million b/d in six months. Photo: Ebrahim Noroozi/AP

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