Saudis urge action to curb oil prices

Saudi Oil Minister Ali Naimi urged OPEC to raise its production ceiling by 1.5 million barrels a day when it meets on June 3.

Saudis urge action to curb oil prices
Mon, 10 May, 2004 - 13:15

Saudi Oil Minister Ali Naimi urged OPEC to raise its production ceiling by 1.5 million barrels a day when it meets on June 3.

“The kingdom believes that increasing the OPEC production ceiling is essential to keep supply and demand balanced,” Naimi said in a statement.

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