Saudis Vow to Boost Oil Output Global oil prices fall after Saudi Arabia promises to increase production. U.S. Energy Secretary Spencer Abraham says the Saudis are ready to pump as many as 2 million extra barrels a day to stabilize the oil market. The Saudi move comes despite strong opposition from other OPEC members. Hear NPR's Steve Inskeep and Youssef Ibrahim, managing director of the Dubai-based Strategic Energy Investment Group.
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OPEC Split on Saudi Promise to Boost Oil Output

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OPEC Split on Saudi Promise to Boost Oil Output

OPEC Split on Saudi Promise to Boost Oil Output

OPEC Split on Saudi Promise to Boost Oil Output

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  • <iframe src="https://www.npr.org/player/embed/1907665/1907666" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

Global oil prices fall after Saudi Arabia promises to increase production. U.S. Energy Secretary Spencer Abraham says the Saudis are ready to pump as many as 2 million extra barrels a day to stabilize the oil market. The Saudi move comes despite strong opposition from other OPEC members. Hear NPR's Steve Inskeep and Youssef Ibrahim, managing director of the Dubai-based Strategic Energy Investment Group.