US, Saudi In Energy Talks As Oil Prices Plunge

The US this week sent a senior energy official to Riyadh for discussions with Saudi Oil Minister Ali Naimi amid conflicting forecasts of impact lower prices will have on US output.

A brief report carried by official Saudi news agency SPA said the discussions held with Deputy US Energy Secretary Elizabeth Sherwood-Randall covered recent developments in the international oil market, as well as possible avenues of cooperation between the...