Time for talks: says UK Prime Minister Gordon Brown
UK and France target less oil volatility
France and Britain called today called for discussions between oil producers and consumers to curtail oil price volatility.
Speaking at a Franco-British summit, French President Nicolas Sarkozy said France and Britain would publish a joint document on the issue and called for a "reasonable" range for the price of crude.
"We have got to look at ... how the world economy can grow without the instability of a volatile oil price preventing growth," Reuters quoted British Prime Minister Gordon Brown said at a joint news conference.
"We will have to have discussions with the Saudis and with Opec. We will have to have discussions with our other partners within the G8 and the G20 ... There's got to be these discussions to understand what the demand will be in the future, what the supply will be in the future," Brown said.