ALGIERS, Algeria—Saudi Arabia is running low on its most prized grade of crude, people familiar with the matter said, a development that could push oil prices higher. After coming under pressure from the Trump administration over rising oil prices, Saudi Arabia is set to use an oil-producers’ summit in Algiers on Sunday to reassure oil markets that it can fill any shortages that arise as U.S. sanctions restricting Iranian oil sales begin in November.

Source: Wall Street Journal September 21, 2018 19:30 UTC