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SAUDI - OIL

SAUDI - OIL
A general view dated 01 June 2004 of an oil installation in Saudi Arabia's northeastern Gulf port of Jubail. The United Arab Emirates (UAE) will increase oil output this month by 400,000 barrels per day (bpd) over its OPEC quota to help ease record prices, Oil Minister Obeid bin Saif al-Nassiri announced 02 June 2004. Nassiri spoke before departing for Beirut where the oil cartel holds a formal meeting tomorrow. Crude oil futures in New York surged 01 June to a record closing price of 42.33 dollars a barrel, as a deadly weekend attack in Saudi Arabia heightened fears about terrorist disruptions to energy supplies. AFP PHOTO/Bilal QABALAN
BILAL QABALAN / AFP
Document reference 000_NIC2004060207766
SLUG SAUDI - OIL
Creation date 6/1/2004 16:03 UTC
City/Country Jubail, Saudi Arabia
Credit BILAL QABALAN / AFP
File size/pixels/dpi 6.86 Mb / 2048 x 1170 / 300 dpi

SAUDI - OIL

SAUDI - OIL
A general view dated 01 June 2004 of an oil installation in Saudi Arabia's northeastern Gulf port of Jubail. The United Arab Emirates (UAE) will increase oil output this month by 400,000 barrels per day (bpd) over its OPEC quota to help ease record prices, Oil Minister Obeid bin Saif al-Nassiri announced 02 June 2004. Nassiri spoke before departing for Beirut where the oil cartel holds a formal meeting tomorrow. Crude oil futures in New York surged 01 June to a record closing price of 42.33 dollars a barrel, as a deadly weekend attack in Saudi Arabia heightened fears about terrorist disruptions to energy supplies. AFP PHOTO/Bilal QABALAN
BILAL QABALAN / AFP