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Jeddah summit results disappointing: NRMA

Posted June 23, 2008 19:00:00

The president of the NRMA says he is disappointed by the lack of outcomes at the Jeddah energy summit in Saudi Arabia.

The meeting has heard OPEC nations are willing to increase oil production to help slow soaring oil prices.

But Alan Evans says any benefit from that is negated by attacks on Nigerian oil pipelines.

"Australia is but a small player in the whole game," he said.

"It really needs [Prime Minister] Kevin Rudd to talk to [US President] George Bush, to [British Prime Minister] Gordon Brown, to [French President] Nicolas Sarkozy, to the Japanese Prime Minister.

"And all those world leaders [need] to get together to put pressure on the oil-producing companies but also to make sure that speculators are taken out of the market."

Tags: business-economics-and-finance, industry, automotive, oil-and-gas, australia, saudi-arabia

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