Bush seeks Saudi help to tame oil prices
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President George W. Bush urged Saudi Arabia on Tuesday to help tame soaring oil prices which threaten the U.S. economy, saying exporters should help get more crude into the market.
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President George W. Bush said on Tuesday oil prices were "very high" and tough for the U.S. economy to bear. He said he would discuss the issue with the king of OPEC powerhouse Saudi Arabia. Oil prices are around $95 a barrel.
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OPEC president Purnomo Yusgiantoro said Wednesday he had urged the United States to use its strategic petroleum reserves (SPR) to bring down oil prices.
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JAKARTA, Indonesia -- The Organization of Petroleum Exporting Countries has asked the United States to use its strategic petroleum reserves to help reduce oil prices, the cartel&#39;s president said Wednesday.
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The US is to put more funding into energy research, especially the development of ethanol, to end its reliance on oil, President George W. Bush said in an interview.
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President Bush used his visit to Saudi Arabia today to push for increased oil production to help the U.S. economy by forcing fuel costs down. "Oil prices are very high, which is tough on our economy," Bush said on the second day of his visit to the Islamic kingdom.
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President Bush is hopeful that after talks with Saudi King Abdullah OPEC will authorize an increase in oil production to ease pressure on prices.
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The Bush administration said on Monday it had notified Congress of plans to sell Saudi Arabia a package of advanced arms in what officials have described as an effort to counter growing Iranian military clout.
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Saudi Arabia says it will raise oil production in an effort to bring down prices that have soared to more than $50 a barrel. Saudi Oil Minister Ali al-Naimi said Tuesday that the kingdom will step up its daily
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President George W. Bush complained on Tuesday about soaring oil prices and the threat posed to the U.S. economy during the second day of his visit to Saudi Arabia, the world's biggest oil exporter.
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President George W. Bush heads to Saudi Arabia on Monday to encourage active support for Israeli-Palestinian peacemaking by the Arab powerbroker and seek help in maintaining American pressure on Iran.
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SHARM EL-SHEIKH, Egypt  - President George W. Bush, wrapping up a Middle East trip on Wednesday, hopes his talks in Saudi Arabia will help encourage OPEC to raise production and dampen oil prices, the White House said.
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OPEC&#39;s president said yesterday the United States should tap into its emergency petroleum reserve to help lower oil prices. &quot;We have asked [the United States] to use their oil reserves
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President George W. Bush, trying to counter Iran's growing military clout, made clear his commitment on Monday to go ahead with a major arms sale to Saudi Arabia as he began his first visit to the Islamic kingdom.
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Jakarta - The president of the Organization for Petroleum Exporting Countries (Opec) on Wednesday urged the United States to release some of its emergency crude oil stocks.
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Oil prices eased on Monday as top world exporter Saudi Arabia slashed prices for its crude sales to the United States and Europe in an effort to shift the large volumes it is offering to cool world markets.
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With oil prices close to $50 a  barrel, the Bush administration is set to allow oil refineries  to borrow crude from the government's emergency petroleum  stockpile to make up for supplies disrupted by Hurricane Ivan,  a congressional source briefed on the pending decision told  Reuters on Thursday.