US President George W.
Bush flew from Israel to Saudi Arabia on Friday to meet with King Abdullah. However, in initial talks on oil production, the US President received disappointing news. According to the White House, the Saudi government sees no current global need for increasing its crude oil output. Oil price hits a new record high ...
Putin set to become Russian PM ...
Big White House crowd greets pope on his birthday ...
Saudis mend fences with neighbour ...
Malaysian prime minister sworn in ... Meanwhile, the price of oil has reached a new record high of 127.43 dollars per barrel. The 13-nation Organization of Petroleum Exporting Countries, headed by Saudi Arabia, believes that oil prices will drop as world-wide demand falls due to slowing economies in industrialized nations.
(Deutsche Welle)
more info >>
<< Back