Text 2
Saudi Arabia, the oil industry’s swing producer, has become its flip-flopper. In February, it persuaded OPEC to cut its total production quotas by lm barrels per day (bpd), to 23.5m, as a precaution against an oil-price crash this spring. That fear has since been replaced by its opposite. The price of West Texas crude hit $40 last week, its highest since the eve of the first Iraq war, prompting concerns that higher oil prices could sap the vigour of America’s recovery and compound the frailty of Europe’s. On Monday May 10th, Ali al-Naimi, Saudi Arabia’s energy minister, called on OPEC to raise quotas, by at least 1.5m bpd, at its next meeting on June 3rd.
Thus far, the high oil price has been largely a consequence of good things, such as a strengthening world economy, rather than a cause of bad things, such as faster inflation or slower growth. China’s burgeoning economy guzzled about 6m bpd in the first quarter of this
A. Saudi Arabia reversed its earlier decision.
B. Saudi Arabia objected to the rise of oil price.
C. Saudi Arabia was concerned about the world economy.
D. Saudi Arabia wished to reduce the oil production.
我来回答: