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Reply #24: Saudis to boost oil output after US pressure [View All]

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nradisic Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-17-08 07:17 AM
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24. Saudis to boost oil output after US pressure
Edited on Sat May-17-08 06:08 AM by nradisic
Source: Financial Times

Saudi Arabia said on Friday that it was increasing its oil production to its highest level in two years, bowing to intense US pressure after the price surged to a fresh record of almost $128 a ­barrel.

The announcement of a boost to output by about 300,000 barrels a day came after a plea by George W. Bush, US president, to King Abdullah of Saudi Arabia in Riyadh.

Read more: http://www.ft.com/cms/s/0/be0d6daa-2347-11dd-b214-000077b07658.html?nclick_check=1


Hmm? I thought they said no to raising production just yesterday?
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