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Saudis Won't Budge on Oil

Leaders again dismiss Bush request for help reining in US gas prices

By Will McCahill, Newser Staff

Posted May 16, 2008 6:26 PM CDT

(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?"

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)

President Bush, left, stands with Saudi King Abdullah during an arrival ceremony in Riyadh, Saudi Arabia, today. (AP Photo/Haraz N. Ghanbari)

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)

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Saudis Won't Budge on Oil

Leaders again dismiss Bush request for help reining in US gas prices

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Saudi Arabia • oil price • oil production • George W. Bush

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More Newser Stories

Oil Prices Threaten US-Saudi Relations

Washington loses leverage as Beijing gains clout with Riyadh

Bush, Stop Begging the Saudis

Don't publicly ask for oil favors you won't get, WSJ writes

'Peak Oil' Looms: Saudi Supply Overstated

Cable argues that kingdom can't pump enough crude to control prices

OPEC Prepares to Slash Output

Saudis lead push for record cut to pump prices to $75 a barrel

Saudis May Boost Oil Supply Even Higher

But OPEC blames speculators and credit crisis for high prices

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Saudis Won't Budge on Oil

Leaders again dismiss Bush request for help reining in US gas prices

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OTHER STORIES ON OUR RADAR

Saudi Arabia • oil price • oil production • George W. Bush

MOST POPULAR STORIES

[ By Views ]

[ By Comments ]

More Newser Stories

Oil Prices Threaten US-Saudi Relations

Washington loses leverage as Beijing gains clout with Riyadh

Bush, Stop Begging the Saudis

Don't publicly ask for oil favors you won't get, WSJ writes

'Peak Oil' Looms: Saudi Supply Overstated

Cable argues that kingdom can't pump enough crude to control prices

OPEC Prepares to Slash Output

Saudis lead push for record cut to pump prices to $75 a barrel

Saudis May Boost Oil Supply Even Higher

But OPEC blames speculators and credit crisis for high prices

About Us

Site

Newser By Users

Community

Site Maps

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More News

What is Newser?