Arab News
In the first quarter of 2012, high price levels prompted the Kingdom to launch its own initiative to help calm fears about oil supplies and work with others to restore the oil prices to reasonable levels, Al-Naimi said while speaking at the fifth...
The Economist
In March King Abdullah and his council of ministers began a strategy to soften oil markets, fearing that lofty prices were bruising the world's economy and would hurt demand for oil in the long run. Since then, the long-serving Saudi oil minister,...