US to take part in Saudi oil meet: White House
WASHINGTON (AFP) — The United States will participate in a meeting of oil producers and consumers in Saudi Arabia later this month, a White House spokesman said on Tuesday.
"As one of the world's largest producers and consumers, we expect to participate," said Tony Fratto of the meeting, planned for June 22 in Jeddah.
"We'll be interested to see what is on the agenda. It would be useful to address the need to open markets to investment that would result in greater efficiency and higher production," he said.
Oil kingpin Saudi Arabia called on Monday for the talks between producer and consumer countries in the aftermath of fresh records on oil markets.
The benchmark price for crude oil in New York surged to a record 139.12 dollar last Friday.
