Keeping Up with Demand Saudis Pump More Oil

Saudi Arabia has boosted the amount of oil it pumps and will produce more to meet surging world demand, the kingdom’s petroleum minister said in a speech in San Francisco.

Ali Naimi said his government remains committed to seeking stable oil prices. But in response to questions, he declined to say where prices will level off.

“The kingdom has long played a stabilizing role in oil markets,” Naimi told a lunch gathering in the Carnelian Room, high above San Francisco’s Financial District. “We have been there in times of disruption and shortage to provide additional supplies to the market.”
MyWestTexas.com