Saudis to boost oil output after US pressure 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 plea by George W. Bush, US president, to King Abdullah of Saudi Arabia in Riyadh.
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 plea by George W. Bush, US president, to King Abdullah of Saudi Arabia in Riyadh.
Either way, Saudi Arabia's production has been declining or stagnant over the past 3 years. In the long run, we're all dead. John Maynard Keynes
