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Saudi Arabia boosts oil output, abandoning passive response to glut - The Globe and Mail (subscription)
The Globe and Mail (subscription) | Saudi Arabia boosts oil output, abandoning passive response to glut The Globe and Mail (subscription) The rise in Saudi production and reports on Wednesday that U.S. crude inventories had posted their biggest weekly gain since 2001 reversed the oil rally. Brent crude, the effective international benchmark, fell 4.5 per cent to $56.45 (U.S.) a barrel ... Why the US Keeps Importing So Much Oil Oil slides on ballooning US stockpiles Saudi Arabia banking on oil price rise as production hits record |
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