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Tag archive for ‘King Abdullah Of Saudi Arabia’

FT: Saudi to increase Oil Output

London, UK (FT.com): 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 [...]