US President George W.
Bush has flown from Israel to Saudi Arabia where he was expected to push King Abdullah to pump more crude oil to ease world oil prices. They're still on a record climb at nearly 128 dollars a barrel. Saudi oil minister Ali al-Nuaimi said Oil above $127 for the first time ...
US spending gets 0.4% March boost ...
OPEC to lift production capacity by 2012 ...
Big bank bosses due to meet King ...
Jump in Iraqi asylum seekers ... the world's biggest producer has raised its production by 300,000 barrels per day. In June, he said, Saudi output would be 9.45 million barrels daily. The 13-nation Organization of Petroleum Exporting Countries has said it believes that oil prices will drop, predicting a fall in demand from slowing economies in industrialized nations. Analysts say diesel is priced high because of boom demand for electric generators to supply power in China, parts of the Middle East and South Africa.
(Deutsche Welle)
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