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Tuesday, June 17, 2008

  

Saudi Arabia to hike oil output in July


LONDON: Saudi Arabia, an Organization of the Petroleum-Exporting Countries (OPEC) powerhouse, would further increase oil output to meet heightened demand from its customers, United Nations (UN) chief Ban Ki Moon assured late Sunday.

On the flight from Jeddah, Ban told reporters that he had just spoken by telephone to Saudi Oil Minister Ali al-Nuaimi, who told him that Riyadh would raise production by 200,000 barrels a day in July in addition to a hike of 300,000 barrels made in June.

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O T H E R   R E P O R T S

 

LONDON: Visiting US President George W. Bush on Sunday reiterated the justification of the Iraq invasion, saying it was “the right thing” to get rid of former Iraqi President Saddam Hussein.

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BANGKOK: About 4,000 antigovernment protesters marched Monday to Thailand’s Election Commission (EC) to protest at what they claimed was a bias towards ousted premier Thaksin Shinawatra, police said.

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JERUSALEM: US Secretary of State Condoleezza Rice concluded a Middle East trip on Monday after strongly condemning Jewish settlement growth in the occupied Palestinian territories.

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Severino O. Frayna Jr., Benjie Dela Rosa
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