Saudi Arabia's leaders made clear Friday they see no reason to increase oil production until customers demand it, apparently rebuffing President Bush amid soaring U.S. gasoline prices.
Saudi Arabia, the world's largest oil exporter, said Friday that it would increase crude oil production by 300,000 barrels a day next month in response to customer requests.
With the price of oil hitting record highs, President George W. Bush used a private visit to King Abdullah's ranch Friday to make a second attempt to persuade the Saudi government to increase oil production and was rebuffed yet again.
