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Money News

Saudi Arabia to do utmost to tame oil price-SPA

Saudi Foreign Minister Prince Saud Al Faisal (R) welcomes U.N. Secretary-General Ban Ki-moon upon his arrival at Jeddah airport, June 14, 2008. REUTERS/Saudi Press Agency/Handout

RIYADH (Reuters) - Saudi Arabia’s King Abdullah vowed the world’s top oil exporter would do everything possible to tame abnormally high oil prices, UN Secretary-General Ban Ki-moon said in remarks carried by the Saudi Press Agency.

King Abdullah “sees that oil prices are currently abnormally high and he is willing to do all that is possible to bring prices to their appropriate levels”, SPA quoted Ban as saying on Sunday in Jeddah after meeting the Saudi monarch.

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