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Saudi to host oil meet
- Saudi Arabia: Saturday, June 14 - 2008 at 08:13
Saudi Arabia announced, it will host a meeting of consumers and producers on June 22 to seek a solution to high oil prices, reported agencies. Saudi's petroleum chief Ali Al-Naimi highlighted the issue that market fundamentals do not justify current prices. Oil trading hit near $135 a barrel on Friday.
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Medilyn Manibo, Assistant News EditorSaturday, June 14 - 2008 at 08:13 UAE local time (GMT+4)
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