The increase in the oil price is not explained by the supply/demand mechanism. Oil is not is short supply. The real cause for the high oil price is speculation.
Profile of Saudi Arabia
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The increase in the oil price is not explained by the supply/demand mechanism. Oil is not is short supply. The real cause for the high oil price is speculation.
| 8 Jul to 7 Aug 2008 |
| 2 Jun to 6 Jul 2008 |
| 15 Apr to 2 Jun 2008 |
| 4 Jan to 13 Apr 2008 |
| 14 Jun 2007 to 3 Jan 2008 |
| 4 Feb to 14 Jun 2007 |
| 24 Nov 2006 to 4 Feb 2007 |
| 6 Jan to 24 Nov 2006 |
| ARCHIVED NEWS RELEASES |