Saudis to raise (oil) output in July

Saudis to raise (oil) output in July

www.news.com.au

OPEC powerhouse Saudi Arabia will raise oil production by 200,000 barrels next month in response to heightened demand, UN secretary-general Ban Ki-moon said today.

The UN chief made the remarks on a plane taking him to London after a 24-hour visit to Saudi Arabia, where he had talks with King Abdullah II and top officials, including Oil Minister Ali al-Nuaimi.

"The Saudis did increase production in June by 300,000 barrels. For the month of July, it will be an increase of 200,000 barrels...

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If the oil reserves are diminishing, then how can they raise output to meet the demands on customers?

Which story is true? The only truth is that the common consumer is being ripped-off! Arrrggghhh!!! Where is the suppressed, clean energy???

www.news.com.au
(visit the link for the full news article)