It will take a while for any increase to have an impact at the pump due to the lag time from production through the transportation and refining phase before ultimately being shipped to the local fuel distributor. The most immediate impact will likely be on the futures market.
Saudi Arabia says more crude on way
Kingdom may be getting nervous about the effects of high oil prices
By Jad Mouawad
New York Times
Saudi Arabia, the world's biggest oil exporter, is planning to increase its output next month by about a half-million barrels a day, according to analysts and oil traders who have been briefed by Saudi officials.
The increase could bring Saudi output to...(complete article here).
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