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Bush in Saudi Arabia Seeks Oil Help as Prices Surge
President Bush pressed King Abdullah for higher Saudi oil output to ease U.S. pump prices amid a global supply surge. Saudi officials said current production meets world demand, with a 300,000 barrel daily increase announced to aid U.S. needs. Analysts called the move modest and unlikely to sharply cut prices.
MENTIONED IN THIS ARTICLE
Rirabdh
Saudi Arabia
Bush
Texas
United States
King Abdullah
Ali al- Naimi
U.S
Venezuela
Mexico
al-Naimi
Congress
Senate Democrats
Riyadh
Saud al-Faisal
Stephen Hadley
Bernard Picchi
Wall Street Access
U.S. Energy Department
Strategic Petroleum Reserve
Phil Flynn
Alaron Trading Corp
Energy Department
Israel
Egypt
Abdullah
New York Mercantile Exchange