Jeddah Starts Oil Price Dialogue, But No Quick Fixes

clipped by: Forbes Marketsclipper's remarks: Transparent and efficient markets, not talk, is what is needed to bring down oil prices. Clip Source: www.reuters.comWorld energy powers embarked on a new level of dialogue to rein in runaway oil prices at an emergency meeting in this Red Sea city, but were unlikely to come up with a quick fix. Host Saudi Arabia vowed to pump yet more oil in response to consumer countries' requests, but said that alone would not be enough to calm a market driven by an array of factors.Tags:... [read full story]