Saudi Arabia to expand upstream and downstream oil capacity; Oil price falls below $63:
2/7/2006 -- finfacts.com
"The Saudi Arabian oil minister Ali Ibrahim Al-Naimi said at an energy conference today in Houston, Texas, that rising oil prices were not sustainable long-term, but that prices must be between $45 and $50 a barrel for producers to meet global demand, which he estimated would grow by 1.4 million barrels per day over the next year."
Friday, February 10, 2006
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