Tuesday, July 28, 2015
Current Weather
Loading Current Weather....
Published: Monday, 6/9/2008

Saudi seeks meeting to tackle high oil prices


RIYADH, Saudi Arabia Saudi Arabia says it will call for a meeting of oil producing countries and consumers to discuss soaring oil prices and work to prevent unjustified rise in prices.

Information and Culture Minister Iyad Madani said Monday the kingdom will work with OPEC to "guarantee the availability of oil supplies now and in the future."

In a statement following the weekly Cabinet meeting, the minister said Saudi Arabia will work to control "unwarranted and unnatural" price hikes.

He says the current price of oil is unjustified.

Read more in later editions of The Blade and toledoblade.com

Recommended for You

Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.