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Iran cancels London oil summit over visasIran has cancelled an oil conference in London next month, when Tehran was expected to reveal its new oil and gas contracts to investors, apparently over a delay in getting visas, the Seda weekly on Saturday quoted a senior Iranian official as s More… |
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Oil moves up after Jeddah meetingOil prices rose on Monday despite Saudi Arabia's commitment to raise output at a summit of oil producers and consumers in Jeddah yesterday. New York's main oil futures contract, light sweet crude for August delivery, was 29 cents higher at More… |
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Jeddah meet calls for more oil investmentThe final statement of the summit of oil producing and consuming nations issued on Sunday in Jeddah called for more investment in oil production and greater financial market transparency. The statement also said current record high oil pri More… |
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Oil summit draft message 'lacks hard steps'A draft communique from an emergency meeting of world oil powers today in Jeddah fails to set out any specific steps toward curbing runaway prices, a source who had seen a copy of the draft statement said. Top officials and policymakers fr More… |
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US evaluating oil summit agendaThe United States is evaluating what will be accomplished at a summit Saudi Arabia has called to address soaring global oil prices before a decision will be made on who will attend, a White House official said on Thursday. 'The president's More… |
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Brown to attend Jeddah oil summitBritish Prime Minister Gordon Brown urged a global solution to rising oil prices on Thursday and said he will travel to Saudi Arabia to discuss the issue with the world's largest producer. "The Saudis have now agreed that they will convene More… |
