24.01.2014 - Impact of US shale on oil price focus of Saudi talks
Saudi Arabia’s oil minister and the head of the International Energy Agency have met in the Kingdom to discuss the effects of growing US shale oil production on global oil prices. The Saudi Press Agency says Petroleum and Mineral Resources Minister Ali Al-Naimi met IEA Executive Director Maria van der Hoeven in Riyadh on Thursday. Earlier this week, Al-Naimi was quoted by the Saudi Press Agency as saying that the Kingdom welcomes the new source of energy to keep up with global demand...............................................Full Article: Source
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