CNBC | Oil slips below $80 after Saudi pledges rapid output rise CNBC Saudi Arabia says it can raise output to 11 million barrels per day to offset the loss of Iranian exports. The Trump administration's sanctions against Iran oil exports are due to start on November 4. U.S.-China trade war is denting the 2019 crude ... Oil Edges Down as Dollar Strengthens Saudi, Russian oil output unable to compensate for Iranian crude: Zanganeh Crude oil futures stable amid mild build in US rig data; supply concerns |