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FILE PHOTO: Trump welcomes Saudi Arabia’s Crown Prince Mohammed bin Salman in the Oval Office at the White House in WashingtonFILE PHOTO: U.S. President Donald Trump welcomes Saudi Arabia’s Crown Prince Mohammed bin Salman in the Oval Office at the White House in Washington, U.S. March 20, 2018. REUTERS/Jonathan Ernst

By Rania El Gamal, Alex Lawler and Dmitry Zhdannikov

DUBAI/LONDON (Reuters) – Budget needs are forcing Saudi Arabia to push for oil prices of at least $70 per barrel this year, industry sources say, even though U.S. shale oil producers could benefit and Riyadh’s share of global crude markets might be further eroded.

Riyadh, OPEC’s de facto leader, said it was steeply cutting exports to its main customers in March and April despite refiners

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