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 Saudi Arabia raises oil output Saudi Arabia, the world's biggest oil exporter, has increased its output to meet rising demand and to compensate for declining production from other countries. Ali al-Naimi, the Saudi oil minister, said on Friday that from May 10 the kingdom had raised supplies by 300,000 barrels per day. Since Bush's last visit in January, oil prices have jumped nearly $30, to a record high of $128 a barrel.   The recent price increases have fuelled US fears of recession and mounted political pressure on the White House in a year when voters will pick Bush's successor. King Abdullah will likely be looking for reassurances on Bush's commitment to push a $1.4 billion arms sale through the US Congress, which is led by the political opposition.    Democrats have threatened to block the deal in order to put pressure on Saudi Arabia to increase oil output.   Opec members have blamed high oil prices on speculators,...
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