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- Date: Sunday, June 22, 2008
- Location: Jeddah, Saudi Arabia
- Attended by: Representatives of 35 countries, 15 oil company executives and OPECGuardian Unlimited: Brown clashes with oil nations over causes of price surge (June 22, 2008)
- Saudi Arabia is the biggest exporter of oil in the world
- King Abdullah confirmed that Saudi Arabia would increase oil output
- King Abdullah called on the World Bank to institute a program to help countries in poverty face the rising cost of energy
- Gordon Brown called for commitments from oil producers for increased oil supply and urged improvements in developing alternative sources of energy
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On June 22, 2008, Saudi Arabia hosted a summit in Jeddah for customers and producers of oil to discuss the rising price of oil and to address the speculation that the country would increase oil production.
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Oil Price Summit on Amazon
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VENEZUELA - The OPEC Summit.: An article from: APS Review Oil Market Trends - $9.95
This digital document is an article from APS Review Oil Market Trends, published by Thomson Gale on November 19, 2007. The length of the article is 1197 words. The page length show...Amazon
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Oil Price Summit Questions
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Looking for closing price history of nearest month oil futures over last 10 years online for research project? 2 Answershttp://www.inflationdata.com/inflation/Inflation_Rate/Historical_Oil_Prices_Table.asp shows the Annual average domestic crude oil prices from 1946 to the Prese... read more -
What is the reason for the massive drop in oil prices from their previous high? 1 AnswerThe oil prices are not determined by standard market forces, i.e. the demand/ supply dynamics. Instead, geopolitics and speculation are decisive factors here. T... read more -
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Why is the consumer price index stable during a period of high government debt? 1 AnswerGuam's chief economist explained it in an article in a simple way I could actually understand: "Prices are reflective of the demand for goods. If people are fea... read more
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