News Power & Energy Saudi Arabia Calls for Summit on Energy Costs
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Saudi Arabia, the world’s biggest oil exporter, said on Monday that it wanted to convene an energy summit of producers and consumers to focus on “how to objectively deal” with high prices.

After a cabinet meeting led by King Abdullah, the Saudi government said, “the increase in prices isn’t justified in terms of market fundamentals,” according to a statement from the official Saudi Press Agency.

Source: New York Times

 

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