
Seeking to ease concern about rising oil prices, Saudi Arabia's oil minister said his country as well as other OPEC members possess the capacity to produce surplus oil, Saudi Press Agency reported. Saudi Arabia alone has an additional around four million barrels daily, the Saudi Press Agency quoted Minister Ali al-Naimi as saying.
Middle East

World leaders including heads of state and government, along with UN’s Secretary General with other officials are assembling in Abu Dhabi to discuss renewable energy problems, in the Four day World Future Energy Summit or WFES-2011, Abu Dhabi’s flagship annual show.
Abdullah bin Hamad Al-Attiyah, Deputy P.M. and Energy Minister, Qatar, recently said that with its insightful gas supplies, extensive plans for diversification and steady rate of growth, Qatar has shown a significant economic growth.
