The Car and Truck Fleet and Leasing Management Magazine

Saudi Oil Minister Rejects Need for Emergency OPEC Meeting

January 16, 2007

SAUDI ARABIA --- Ali al-Naimi, Saudi Arabia's oil minister and OPEC's most authoritative voice, this week rejected calls for an emergency OPEC meeting to address declining crude oil prices.According to a report in the New York Times, the Saudi oil minister's remarks stifled speculation that OPEC was considering new production cuts to tighten supply and raise prices. Prices have slid by about 16 percent since the beginning of the new year. Venezuela and Algeria had reportedly requested the emergency meeting. The next regularly scheduled OPEC meeting is March 15.
Twitter Facebook Google+


Please note that comments may be moderated. 
Leave this field empty:

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.


Fleet Tracking And Telematics

Todd Ewing from Verizon Connect will answer your questions and challenges

View All


Fleet Management And Leasing

Jack Firriolo from Merchants will answer your questions and challenges

View All


Fuel Management

Bernie Kanavagh from WEX will answer your questions and challenges

View All


Sponsored by

A closed end lease wherein the lessor assumes responsibility for the maintenance expenses on the leased vehicle, in addition to providing the funding and taking the risk on depreciation.

Read more

Fuel Saving Strategies Survey

View our 2008 survey to benchmark your fleet's fuel and green strategies with other fleets.

Fuel Calculator

A managed fuel program can help you save time and money and gain control over the way you fuel your vehicles. Determine your potential savings by using our fuel calculator.
Launch Fuel Calculator 

Fuel Prices

U.S. Gasoline and Diesel Fuel Prices.

Launch Fuel Prices 

Up Next

More From The World's Largest Fleet Publisher