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Saudis Try to Cool Off Oil Fame it!
Posted on Jun 23 2008 5:20 AM by adeal

Ever since Saudi Arabia's King Abdullah called an emergency energy summit meeting on June 9 to discuss soaring oil prices, the kingdom has been under pressure to deliver specific commitments to cool the red-hot oil market. Abdullah's invitation was answered on June 22 by the chiefs of the world's top oil companies and a host of OPEC oil ministers and Western officials, including British Prime Minister Gordon Brown, who walked into the room with the Saudi king accompanied by an entourage of robed Saudi courtiers and a cloud of incense.



Full story: businessweek.com
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