Bush Prods Saudi Arabia on Oil Prices
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Saudi Arabiaâs oil minister appeared to rebuff the presidentâs appeal to consider the cost to the U.S. economy.
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LONDON - Oil prices hovered near $50 per barrel Tuesday after a Saudi Arabian oil official said the world's largest petroleum exporter would raise its production capacity by nearly 5 percent in a bid to calm markets.    Light sweet crude for November delivery was up 16 cents at $49.80 per barrel in late morning trading on the New York Mercantile Exchange, retreating from the $50.47 high reached in overnight electronic trade...
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Would oil prices really fall if Saudi Arabia and other OPEC countries raised their production as President Bush proposed Tuesday? Some questions and answers about prices at the pump:
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Saudi Arabia's warm official welcome for President Bush, the scion of a family with close ties to the kingdom's ruling family, masks his deep unpopularity among ordinary Saudis.
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Today&#39;s attack on the US consulate in Jeddah, Saudi Arabia, must serve to remind Americans &quot;that the terrorists are still on the move,&quot; President Bush said today.
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President Bush delivered a sophisticated weapons sale for Saudi Arabia on Monday, trying to bolster defenses against threats from U.S. adversary Iran and muster support in this oil-rich kingdom for a long-stalled Mideast peace agreement.
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LONDON, November 29  - Saudi Arabiaâs Oil Minister, Ali Al-Naimi, reiterated today that his country is taking adequate steps to expand its sustainable oil capacity, while mentioning that supply-related fears have resulted in a $10-$15
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Appealing to Saudi Arabia to  encourage higher oil production to help lower prices is not in  the long-term interest of the United States, Republican  presidential candidate Fred Thompson said on Wednesday.
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The Bush administration said on Monday it had notified Congress of plans to sell Saudi Arabia bomb-guidance kits as part of a multi-billion-dollar package of advanced arms to Gulf Arab states that officials see as countering growing Iranian military clout.
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DAYTON, Ohio  - The Bush administration is closely  monitoring U.S. crude oil prices as they approach the key  psychological threshold of $50 a barrel, a White House  spokesman said on Monday.
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U.S. President George W. Bush complained in Saudi Arabia on Tuesday that soaring oil prices were threatening the U.S. economy, raising pressure on the world's top oil exporter to help ease prices.
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Oil prices increased on Monday for the first time in a week, reaching $43 a barrel after the US consulate in Saudi Arabia was attacked, and amid growing concerns that OPEC may try to stabilize oil prices after last week&#39;s sharp sell off.
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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 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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Saudi Arabia, the world&#39;s largest oil exporter, is to raise production from 9.5 million barrels a day to 11 million barrels in an attempt to rein in prices that have topped US$50 a barrel.
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SAUDI minister Ali al-Naimi sought to take some of the heat out of the oil market, by promising that his Kingdom could pump an extra 1.5m barrels a day &#39;immediately&#39; if demand increases.
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RIYADH, Saudi Arabia, Jan. 15 -- With oil prices hovering around $90 a barrel, President Bush on Tuesday urged oil-rich countries to raise their output, but Saudi Arabia's oil minister said the world's largest producer would do so only "when the market justifies it."