Saudi Oil Minister Ali al-Nuaimi attends the opening session

Saudi Oil Minister Ali al-Nuaimi attends the opening session of an OPEC meeting in Cairo on November 29, 2008. OPEC kingpin Saudi Arabia said today that a firm decision on cutting oil output in the face of plunging prices would be made only at a cartel meeting next month in Algeria. Many other OPEC members, including Iran, Kuwait, Qatar and Nigeria, have also expressed support for the idea of deferring a decision until the next scheduled meeting in Oran, Algeria, on December 17.
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