Saudis to boost output, sending oil prices lower

Saudis to boost output, sending oil prices lower By CHRIS KAHN The Associated Press Published Jun 10, 2011 04:18PM MDT New York • Saudi Arabia’s still the boss when it comes to oil. The world’s biggest oil exporter plans to increase production to 10 million barrels per day, the highest level in 30 years, according to a Saudi Arabian newspaper. Analysts see this as a bold step by the Saudis to ...