Saudi Arabia, the world's biggest oil producer, has put on hold any plans to further increase long-term production capacity from its vast oil fields, its most powerful policymakers have said. In a series of statements, including one by the king himself, the kingdom has warned consumers it does not believe there is a need for further expansion, an assumption disputed by the world's biggest developed countries.
Links:
[1] http://admin.indiaenvironmentportal.org.in/news/saudis-put-oil-capacity-rise-hold
[2] http://admin.indiaenvironmentportal.org.in/category/author/carola-hoyos
[3] http://admin.indiaenvironmentportal.org.in/category/newspaper/financial-times-london
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/energy
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/oil-products
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/saudi-arabia