EMC’s Business Finance blog

Saudi Arabia, the world’s biggest oil exporter, plans to raise production for a third-straight month in July and make further increases as needed to curb record prices.

This is a great news for the whole world. The more production, the lesser the cost. Saudi should lift up their production so that it will bring back to normal. I don’t know the reason behind a low production of oil.

All I know is that the demand and consumption have increase that the supply cannot produce what the world needs.