Saudi oil chief to address reports of oil production increase

[formerlurker]

Saudi oil chief to address reports of oil production increase

Boston Herald ^ | June 15, 2008 | Associated Press

RIYADH, Saudi Arabia - Saudi Arabia’s oil minister today will address reports that the world’s largest oil-producing country is set to raise production by about 500,000 barrels per day, his adviser said.

The increase would bring Saudi Arabia’s oil production to 10 million barrels a day, the country’s highest ever, according to reports by The New York Times [NYT] and the Middle East Economic Survey, an industry publication.

http://www.bostonherald.com/business/general/view/2008_06_15_Saudi_oil_chief_to_address_reports_of_oil_production_increase/srvc=home&position=recent