Wednesday, May 2, 2007

Saudi Arabia Denies Oil Minister Al-Naimi Said Prices Are in a `Bubble'

(Bloomberg) -- Saudi Arabia's Oil Minister Ali al- Naimi didn't describe oil prices as being in a ``bubble,'' according to an oil ministry official who declined to be identified by name.

Earlier, South Korea's energy ministry quoted al-Naimi in a statement as saying there's ``a bubble in current prices.''


Read more at Bloomberg Energy News

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