meeting between G8 energy ministers trying to find answers to a worldwide energy crisis.
the G8 countries -- the United States, Japan, Russia, Germany, France, Britain, Italy and Canada
In a joint statement, energy ministers from the Group of Eight countries -- joined by China, India and South Korea -- also urged oil producers to boost output, which has stalled at about 85 million barrels a day since 2005, and called for cooperation between buyers and producers.
The 11 nations account for 65 percent of the world's energy consumption and face record-high oil costs. Prices gained 8 percent Friday to US$138.54 on the New York Mercantile Exchange.
Energy experts say most producers have little ability to expand output. The exception is Saudi Arabia, which could increase output by about 2 million barrels a day.
the G8 countries -- the United States, Japan, Russia, Germany, France, Britain, Italy and Canada
In a joint statement, energy ministers from the Group of Eight countries -- joined by China, India and South Korea -- also urged oil producers to boost output, which has stalled at about 85 million barrels a day since 2005, and called for cooperation between buyers and producers.
The 11 nations account for 65 percent of the world's energy consumption and face record-high oil costs. Prices gained 8 percent Friday to US$138.54 on the New York Mercantile Exchange.
Energy experts say most producers have little ability to expand output. The exception is Saudi Arabia, which could increase output by about 2 million barrels a day.
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