*Latest data from Jodi confirm that Saudi Arabia’s crude exports soared to a two-year high of 8.235mn b/d for November, up over 530,000 b/d on October. The move came as Saudi Arabia was ramping up output ahead of setting a benchmark for December ‘Opec+’ meeting in which production allocations were set (MEES, 7 December 2018). Energy Minister Khalid al-Falih attributes the increase to buyers of Iranian crude having expected the US to deny import waivers from November (MEES,...