Middle East Economic Survey

VOL. LI

No 26

30-June-2008

SAUDI ARABIA

Jiddah Summit Leaders Pursue Global Energy Initiative

Rafiq Latta reports from Jiddah

Oil industry leaders met in Jiddah on 22 June to address what was portrayed as a fully-fledged global energy crisis. A sense of urgency permeated the emergency summit, with producers and consumers setting aside some differences in a bid to establish a concerted international effort to remove the looming threat to the world economy that record oil...