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A miner on strike stands in front of a burning barricade on the A-66 motorway, on the first day of a strike to protest the government's spending cuts in the mining sector, in Pola de Lena, near Oviedo, northern Spain, May 23, 2012. Spain's economy is contracting for the second time since late 2009 and four years of stagnation and recession have pushed unemployment above 24 percent, the highest rate in the European Union. REUTERS/Eloy Alonso

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Members of the U.S. Navy Blue Angels fly over the World Trade Center in lower Manhattan as part of the 25th annual Fleet Week celebration in New York, May 23, 2012. REUTERS/Eduardo Munoz

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Shreen Mohammad sits with other recruits during a military exercise at the Kabul Military Training Center (KMTC) in Kabul March 28, 2012. A landmark NATO summit in Chicago endorsed an exit strategy that calls for handing control of Afghanistan to its own security forces by the middle of next year but left questions unanswered about how to prevent a slide into chaos and a Taliban resurgence after allied troops are gone. Picture taken March 28, 2012. REUTERS/Omar Sobhani (AFGHANISTAN - Tags: POLITICS MILITARY SOCIETY) ATTENTION EDITORS: PICTURE 18 OF 27 FOR PACKAGE 'AFGHAN ARMY RECRUIT'

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G8 to create forum on oil prices, output: diplomat

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TOYAKO, Japan | Tue Jul 8, 2008 1:33am EDT

TOYAKO, Japan (Reuters) - Leaders of the Group of Eight major industrial nations agreed on Tuesday to bring major oil producers and consumers together in a world energy forum to discuss output and prices, a G8 official said.

"The forum would be like Jeddah, but broader," the diplomat told Reuters, referring to recent discussions in Saudi Arabia led by the oil cartel OPEC.

"The leaders said it was not enough to say they were concerned (about oil prices). They felt they had to indicate action would be taken."
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