US, Saudi Arabia agree high oil prices are bad: Rice
Posted on: Thursday, 18 May 2006, 14:56 CDT
WASHINGTON (Reuters) - The United States and Saudi Arabia agree that high crude oil prices are bad for global economic growth, U.S. Secretary of State Condoleezza Rice said on Thursday.
"I think it's a shared view that very high energy prices are not a good thing for the international economy and for growth," Rice said at a news conference with Prince Saud al-Faisal, Saudi Arabia's foreign minister.
"We welcome the efforts that Saudi Arabia is making to increase its production in the medium term and to invest in its energy infrastructure," Rice said.
Source: REUTERS
Related Articles
- Ministry: 28 Arrested in Saudi Arabia
- Saudis Renew Pledge After Rice Visit
- Saudi Arabia's King Fahd Dies in Riyadh
- Saudi Arabia's King Fahd Dies at 84
- Report: Man's Body Found in Saudi Arabia
- Saudis Search for Clues in Deadly Attack
- Saudis Seek Clues After Shooting Rampage
- Saudi Commandos Free Dozens Held at Resort
- Saudi Forces Storm Complex After Rampage
- Saudis Urge OPEC to Hike Oil Output
Rating: 3.2 / 5 (9 votes)
 |
 |
Rate this article:
User Comments (0)
RSS Feeds