Saudi oil-price meet to be at head-of-state level: OPEC chief

0 Comments | AFP, June, 2008

LONDON (AFP) — A meeting due June 22 in Saudi Arabia for the world's biggest oil producers and consumers to discuss record-high crude prices will be at head-of-state level, OPEC chief Abdullah al-Badri said Wednesday.

"The meeting in Jeddah will be the head of states and they will discuss why we have high energy prices," Badri told AFP on the sidelines of an energy conference in London.

OPEC Secretary General Badri would not be drawn on which heads of state would attend the one-day gathering announced by Saudi Arabia on Tuesday, which was less than a week after the price of crude struck a record high 139.12 dollars a barrel.

The Organization of Petroleum Exporting Countries (OPEC) maintains that the oil market is well supplied and that current prices do not...