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Saudi energy summit calls for greater transparency in oil market deals
(Xinhua) -- The Jeddah energy summit on Sunday called for 'improved' transparency and regulation in oil production and financial markets dealing in crude oil, said a final communique of this summit. As for the financial markets, which have been playing an active role in the oil price hike, leaders and ministers from the 36 nations said 'the transparency and regulation of financial markets should be improved through measures to capture more data on index fund activity and to examine cross-exchange interactions in the crude market.'Posted by: Fred 2008-06-24 |
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