According to Dow Jones Algiers on September 21, according to informed sources, Saudi Arabia’s most important grade of crude oil supply decline, this situation may push up the price of oil.

The Trump administration is putting pressure on Saudi Arabia to take measures to control the rise in oil prices. Under this pressure, Saudi Arabia will use the oil-producing countries summit in Algiers on Sunday to ensure that the country can fill the US 11 The month began a shortage of any crude oil supply due to Iranian oil export sanctions.

But Saudi Arabian National Oil Company (Saudi Ami) told potential buyers that the company’s most important grade of crude oil will be in short supply in October, as the company previously underestimated demand before the start of Iranian sanctions. According to people familiar with the matter, Saudi officials estimate that in the long run, once Iran no longer exports crude oil, Saudi Aramco does not have the capacity to meet future demand.

Supply shortages may push oil prices above $80 a barrel, which may affect US consumers’ decision to see if President Trump’s Republican Party can maintain control of both houses in the midterm elections in November.