UK: Saudis' oil plan may ease gas price
Saudi Arabia's plan to boost oil output by 500,000 barrels a day is likely to lead to cheaper crude and a slight easing in the prices consumers pay for gasoline and heating oil, energy analysts said yesterday. The world's No. 1 oil producer decided to boost production after it became clear that an increase agreed by Organization of the Petroleum Exporting Countries (OPEC) oil ministers last month was not enough to trim prices from levels in excess of $30 a barrel.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-auto gives its paid members access to the very best automotive market coverage.
And now there’s just-auto plus, our premium membership that gives you exclusive component forecast data, company profiles and extended news coverage - just for premium members.
Today I can offer you 30 days access for $1 - and that includes just-auto plus.
Dave Leggett, editor of just-auto
* plus VAT if applicable