(EnergyAsia, February 28 2011, Monday) — World oil prices have retreated from their 30-month highs of last Thursday after anonymous sources told Reuters and Bloomberg that Saudi Arabia had sharply raised production to counter the loss of Libyan supplies. While this claim could not be immediately and independently verified, traders nevertheless sold off Brent crude…
SAUDI ARABIA: Production above nine million b/d, unverified sources tell media
Posted on February 28, 2011 by EnergyAsia