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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... Read full story »

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Saudis Won't Budge on Oil

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

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

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More Newser Stories

Oil Prices Threaten US-Saudi Relations

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Bush, Stop Begging the Saudis

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

'Peak Oil' Looms: Saudi Supply Overstated

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OPEC Prepares to Slash Output

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

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But OPEC blames speculators and credit crisis for high prices

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