OPEC stresses link between peace and oil prices (click title to entry)
OPEC summit pledges adequate, timely oil supplies @K= Iran submits proposals to OPEC
RIYADH (Agencies) - Leaders of the Organization of Petroleum Exporting Countries stressed the importance of world peace for the stability of oil prices, according to a final summit statement obtained by AFP on Sunday.
""We insist on the importance of world peace to guarantee investments in the energy sector and the stability of the market,"" said an Arabic copy of the statement translated by AFP.
RIYADH (Agencies) - Leaders of the Organization of Petroleum Exporting Countries stressed the importance of world peace for the stability of oil prices, according to a final summit statement obtained by AFP on Sunday.
""We insist on the importance of world peace to guarantee investments in the energy sector and the stability of the market,"" said an Arabic copy of the statement translated by AFP.
OPEC heads of state also pledged to provide ""adequate, timely and sufficient"" oil supplies to the market at the end of a summit, Reuters reported. "
"We affirm our commitment ... to continue providing adequate, timely and sufficient oil to the world market,"" said the final declaration issued at the end of the summit.
Saudi Oil Minister Ali al-Naimi later told a news conference: ""Fluctuations in the market have nothing to do with OPEC,"" adding there were many other factors affecting prices.
The group also called for more action to fight poverty and expressed concern over global climate change.
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