Saudis Keep Firm Hold on Oil Production
On his second visit to Saudi Arabia this year, Saudi leaders told President Bush they see no reason to increase oil production until customers demand it.
Saudi oil minister Ali al-Naimi said the kingdom decided on Saturday to raise production by 300,000 barrels, at the request of customers, and that increase was sufficient.
According to the Organization of Petroleum Exporting Countries, Saudi Arabia produces about 9 million barrels of oil a day, and is the largest oil producer in the world.
