Saudis Say No Need to Raise Oil Production

Saudis Say No Need to Raise Oil Production

04.21.08 posted by jason 89 views no comments
With oil prices souring to over $117 a barrel, there have been calls for oil producers to raise production. Saudi Arabia, the world's biggest oil producer, has said no to further increase long-term production capacity. The country has warned consumers it does not believe there is a need for further expansion, an assumption disputed by the world's biggest developed countries.
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