Norway has agreed to cooperate with Great Britain in an effort to arrange a new summit with the aim to bring down oil prices...
Norway has agreed to cooperate with Great Britain in an effort to arrange a new summit with the aim to bring down oil prices, after the Jeddah meeting failed. (Photo: Norway's Minister of Oil and Energy Terje Riis-Johansen)
At the meeting in Saudi Arabia, British Prime Minister Gordon Brown called for a "new deal" on global energy supplies to benefit both consumers and producers, BBC reports.
He also called for "enhanced co-operation" between governments to reduce the global economy's dependence on oil.
Norwegian State Secretary Liv Monica Stubholtsays the high prices on oil and food may lead to a humanitarian catastrophe in poorer nations.
