OGJ NEWSLETTER

With the world economy limping along, the Saudis apparently aren't taking chances it will be further hobbled by higher oil prices. As the OPEC ministerial meeting got under way last week in Vienna, Saudi insistence on a higher quota ceiling to accommodate an expected rise in oil demand in the third quarter was underscored by the nonappearance of Saudi Oil Minister Hisham Nazer at the meeting. Citing exhaustion, Nazer stayed home while Iran came prepared to do battle with the Saudis over

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