Saudi Arabia plans oil summit
Saudi Arabia: Tuesday, June 10 - 2008 at 10:04
Saudi Arabia's Information and Culture Minister Iyad Madani said the kingdom plans to call for a meeting of oil producing countries and consumers to explore ways of dealing with soaring energy prices and work to prevent unwarranted increases, reported AP. The kingdom will also work with OPEC to 'guarantee the availability of oil supplies now and in the future,' the minister said following the weekly Cabinet meeting.
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Jeff Florian, Senior ReporterTuesday, June 10 - 2008 at 10:04 UAE local time (GMT+4)
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