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July 25, 2008 5:47:37 PM CDT



Saudis Won't Budge on Oil

Posted May 16, 08 6:26 PM CDT in US World 

(Newser) – Saudi Arabia's leaders today denied a request from visiting President Bush that they boost oil production to help ease rising gas prices, the AP reports. "Supply and demand are in balance today," the kingdom's oil minister said, with the commodity pushing $128 per barrel. "How much does Saudi Arabia need to do to satisfy people who are questioning our oil practices and policies?"

Sources Associated Press, New York Times

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President Bush sits with Saudi King Abdullah at the King's Al Janadriyah Ranch in Riyadh, Saudi Arabia, Friday, May 16, 2008.   (AP Photo/Susan Walsh)
Saudi Arabian leaders denied today a request by President Bush that they increase oil output to slow rising gas prices in the US.   (AP Photo/Susan Walsh)
President Bush, left, stands with Saudi King Abdullah during an arrival ceremony in Riyadh, Saudi Arabia, today.   (AP Photo/Haraz N. Ghanbari)
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