Wed, 23 Sep 2009 00:32:02 CDT   ameinfo.com

Saudi Arabia: Saudi Aramco CEO Khalid al-Falih has said there is little chance of pumping crude from idle fields next year as recovery in world demand is yet to begin, Bloomberg has reported. "We have the excess capacity in case it's needed but we also have the ability to sustain ourselves with production levels similar to what we see today at prices similar to what we have seen so far," he said. Global demand for oil is expected to rise 1.5% to 1.27 million barrels a day, according to the International....


 
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