Dr Hafez Abdo on reports that Saudi Arabia increases oil production

According to a report by the Wall Street Journal Saudi Arabia has increased its oil production ahead of an OPEC meeting. Riyadh is allegedly producing some one hundred thousand barrels a day more in the previous month. The report states that the move marks a sharp turn for Riyadh after the country curtailed output for the past two years. Radio Sputnik discussed this with Dr Hafez Abdo is an Associate Professor in Accounting, Nottingham Business School at the Nottingham Trent University.