» Monday, November 3, 2008

Oil Prices

Asked about the stability of oil prices, and if the Prime Minister would be making any representations to the oil producers to get the price down, the PMS replied that what the Prime Minister had been saying to the oil producing nations whilst he had been in the region, was that it was in nobody s interest to have the volatility in oil prices that we had seen in recent years, particularly when we had seen oil prices rise to $150 a barrel. That was why the Prime Minister was very supportive of the meeting in Jeddah in the summer that was about bringing together oil producers and oil consuming nations to try and find ways of making the oil market work better, introducing more transparency into the market and to have a better dialogue between producer and consumer nations. That was why we would be hosting a follow-up conference in London on this in December.

original source.

Briefing took place at 11:00 | Search for related news

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