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Page added on June 11, 2008

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Saudi wants heads of state at oil talks: diplomats

RIYADH (Reuters) – Saudi Arabia, the top world oil exporter, wants heads of state to attend a June 22 meeting it is hosting of producers and consumers to discuss record oil prices, diplomats said on Wednesday.

A source close to the meeting said many energy ministers, including Bodman, would attend and Badri said investment banks such as Goldman Sachs and Morgan Stanley had also been invited.

The two banks are among the firms that have raised their oil-price forecasts recently, which other traders and analysts said has helped to fuel gains in the oil price.

Reuters



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