| From Arabnews.com: Saudi Arabia wields a significant leverage in future increases in oil production as it commands the largest spare capacity of around four million barrels per day, according to Global Investment House (Global).
“With the Saudi King indicating the range of $75-$80 as satisfactory, we believe Saudi Arabia might be prepared to boost its output if oil prices move towards the levels beyond $100 per barrel mark seen in 2008,” Global said in its Oil Market-2010 Review..............................................Full Article: Source
|