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Jakarta - Saudi Arabia has offered its key customers in the U.S., Europe and Asia extra oil supplies until the end of the year. It is a signal that the world's biggest oil exporter was worried about the impact of rising prices on the global economy.
Members of the G7 finance ministers last month called for the oil exporters to boost production. Saudi Arabia initially responded to the request with a relaxed, saying that the global supply and demand balance amount.
But recently Arabs already taken steps to reduce prices, consult and offer extra large refining oil supply.
"The price of oil is too high. We want to see oil prices go back to $ 100 per barrel, "said petroleum-based senior officials in Saudi Arabia to the Financial Times, quoted by CNBC (9/19/2012).
Make Money Blog$~Brent prices, global oil benchmark, is up 33% from mid-June to a peak of U.S. $ 117.95 per barrel on Friday. Monday, the price fell nearly U.S. $ 4 in just four minutes, but then managed to get back up.
