World powers seek oil price cut; Opec refuses to blink
Jeddah : The world's energy powers embarked on a new level of dialogue to rein in runaway oil prices at an emergency meeting in this Red Sea city, but were unlikely to come up with a quick fix. While British prime minister Gordon Brown said there was a consensus that oil prices were too high, host Saudi Arabia vowed to pump more oil in response to consumer countries' requests. But, he said that alone would not be enough to calm a market driven by an array of factors.