Monday, April 18, 2011
Saudis Slash Oil Output; Say Market Oversupplied - CNBC
Saudis Slash Oil Output; Say Market Oversupplied - CNBC: "Saudi Arabia's oil minister said on Sunday the kingdom had slashed output by 800,000 barrels per day in March due to oversupply, sending the strongest signal yet that OPEC will not act to quell soaring prices."
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