Saudi oil export drive

Mohammad Kargar 28 June 2012 08:28:00 | 367 Views | 0 Comments
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Saudi Arabia's unexpected surge in oil exports to the United States this year has fallen into question following a deepening crisis this month at the kingdom's jointly owned and newly expanded Texas refinery.Saudi Oil Minister Ali al-Naimi has made no secret of his desire to curb $100-plus oil prices in order to provide a "stimulus" for ailing world economies, driving production this year to more than 10 million bpd, near a record high. But now with Brent crude now dropping to less than $95 a barrel

Source: www.farsnews.com