Independent journal on economy and transport policy
19:34 GMT+2
Saudi Arabia to Raise Oil Production 500,000 Barrels a Day
(The New York Times)
July 4, 2000
By Neela Banerjee
In a move to bring down stubbornly high oil prices, Saudi Arabia, the world's largest exporter of crude oil, announced plans yesterday to increase production by 500,000 barrels a day.
The decision will go into effect within the next few days "if the price doesn't decrease," according to a statement from the Saudi Arabian oil minister ...... Read more on The New York Times
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