Thursday, June 5, 2008

soaring cost of fuel in recent months has boosted state oil giant Saudi AramcoSaudi AramcoSaudi Arabian Oil Company

Saudi Arabia is making $1 billion (Dh3.67bn) a day in oil revenues on the back of record global fuel prices

We've reached the peak in the oil prices at $130 a barrel. It will end the year around $70 and overall will average $90 a barrel for 2008. The combination of a slowdown in the US economy along with the sharp rises in gasoline prices will lead to a curtailment in demand for oil, and will result in the price coming down," said Bourland

Posted by big chris @ 01:02 PM (338 views)
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