US President George W.
Bush flew from Israel to Saudi Arabia on Friday to meet with King Abdullah. However, in initial talks on oil production, the US President received disappointing news. According to the White House, the Saudi government sees no current global need Oil price hits a new record high ...
Oil above $127 for the first time ...
Explosion hits house in Sri Lanka ... for increasing its crude oil output. Meanwhile, the price of oil has reached a new record high of 127.43 dollars per barrel. The 13-nation Organization of Petroleum Exporting Countries, headed by Saudi Arabia, believes that oil prices will drop as world-wide demand falls due to slowing economies in industrialized nations.
(Deutsche Welle)
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