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Thursday, February 24, 2011

Saudi in talks to increase oil output

Saudi in talks to increase oil output Saudi Arabia is in “active talks” with European oil companies to meet the shortfall left by Libya, the most clear indication yet that the leader of the Opec oil cartel is about to boost supplies in an effort to stop oil prices rising

Riyadh is asking “what quantity and what quality of oil they [the European refiners] want,” a senior Saudi oil official said on condition of anonymity.




http://link.ft.com/r/NA70KK/QFD9PP/TP3TEW/A7GOCR/XTQB9D/D5/h?a1=2011&a2=2&a3=24

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