Middle East Economic Survey

VOL. L

No 17

23-Apr-2007

OIL PRICES/SAUDI ARABIA

Saudi Arabia Seeks Fair Oil Price, Backs Nuclear Program, Says King 'Abd Allah

Saudi Arabia seeks fair prices for crude oil that would protect the interests of both consumers and producers, King 'Abd Allah said on 14 April. In a written statement to the consultative Shura Council after Brent futures hit a high for 2007 (and their highest level since September 2006) at $69.59/B, King 'Abd Allah said the kingdom was aware...