Saudia Arabia: Riding to the Rescue?

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Today, there have been lots of good vibes coming out of the Kingdom of Oil. Subsequent to their calling for a global meeting of producers, consumers, and oil companies, Saudi officials indicated that the Kingdom increased its oil production by half a million barrels/day this quarter. In addition, the Saudis have labeled the current level of prices as "unreasonable and unacceptable."

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Saudia Arabia: Riding to the Rescue?

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