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Re: oil - on again, off again

By: lkorrow in RANT II | Recommend this post (0)
Sun, 12 Jun 11 6:45 AM | 23 view(s)
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Saudis to raise oil production unilaterally

Saudi Arabia will increase its oil production to 10 million b/d in an effort to meet rising global demand, especially in China, where imports rose by 876,000 b/d in May over last year.

They decided to boost production in July from 9.3 mbpd, with most of the additional output going to China and other growing Asian economies.

http://www.ogj.com/index/article-display/9739162579/articles/oil-gas-journal/drilling-production-2/20100/june-2011/report_-saudis_to.html




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