Friday, November 16, 2007

Saudi Arabia Won't Include U.S. Dollar in OPEC Talks

"Nov. 16 (Bloomberg) -- Saudi Arabia, the world's largest crude oil exporter, rejected a proposal by Iran and Venezuela to discuss the weak dollar at this weekend's OPEC summit in Riyadh, saying it didn't want the U.S. currency to ``collapse.''

Saudi Arabia won't discuss pricing oil in currencies other than the dollar, Saudi Foreign Minister Prince Saud Al-Faisal said, speaking at a meeting of oil and finance ministers today that was accidentally broadcast to journalists......"

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