[AdmSmith]

April 30 (Reuters) - Saudi Arabian officials are briefing allies and industry experts to say the kingdom is unwilling to prop up the oil market with further supply cuts and can handle a prolonged period of low prices, five sources with knowledge of the talks said. This possible shift in Saudi policy could suggest a move toward producing more and expanding its market share, a major change after five years spent balancing the market through deep output as a leader of the OPEC+ group of oil producers. [1]

Or KSA signal that they are prepared to increase production if deliveries from Iran suddenly drop...

Production in Iran was 3.3 million bpd MAR2025 [2] i.e 12% of OPEC 27.43 million bpd. [3]

[1] https://www.reuters.com/business/energy/saudi-arabia-signals-it-can-live-with-lower-oil-prices-sources-say-2025-04-30/
[2] https://tradingeconomics.com/iran/crude-oil-production
[3] https://oilprice.com/Latest-Energy-News/World-News/OPEC-Cuts-Oil-Production-in-March-Ahead-of-Ramp-Up-Plans.html

[nuconvert]

“they are prepared to increase production if deliveries from Iran suddenly drop...”

It’s going to drop. Trump is making sure of that