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President Bush | King Abdullah | oil production | Saudi Arabia

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Play from 0:14[0:14] ..." and now at least to drop of good news by next month Saudi Arabia says it plans to increase its oil production by another 200000 barrels a day. That's an addition to the extra 300000 produced in -- The announcement comes as oil hits a 134 dollars a barrel gas four dollars a gallon. According to Saudi press reports King Abdullah has at current prices are abnormally high and that is ready to restore prices to -- appropriate levels. We'll saudis are reaping"...

Play from 1:20[1:20] ..." so we'll have to find ways this all the -- down. And President Bush visited Saudi Arabia twice this year to ask for more oil production he has not decided whether to personally attend this weekend's summit. In Washington I'm term virgin air act you"...

Finally, Relief At The Pump?

Mon, 16 Jun 2008

Saudia Arabia says it's ready to increase its oil output. Will it be enough to bring down prices?

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