06-17-2008, 11:50 AM
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Confirmed User
Join Date: Feb 2007
Location: Beverly Hills, CA
Posts: 2,642
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Quote:
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Saudi Arabia, the world's largest oil exporter, has said the surging price of the commodity is ``unjustified'' and will host a meeting of producers and consumers in the coastal city of Jeddah on June 22 to help stabilize prices. Saudi Arabia will increase oil output by 200,000 barrels a day next month, King Abdullah told United Nations Secretary-General Ban Ki-Moon on June 15, according to a UN spokesman.
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