Saudi Arabia pledges to fight rising oil prices

☆ pledge 保证

Friday, April 2, 2004 Posted: 0323 GMT (1123 HKT)

WASHINGTON (CNN) -- With OPEC planning to cut oil production, Saudi Arabia's ambassador to the United States met Thursday with national security adviser Condoleezza Rice and said Riyadh is committed to heading off problems in the world energy market.
华盛顿----针对OPEC减少石油产量计划,沙特驻美国大使在周四与美国国家安全助理Condoleezza Rice会晤中称,沙特承诺维持世界能源市场稳定。

☆ OPEC Organization of Petroleum Exporting Countries石油输出国家组织
    ambassador to the United States


"We will not allow shortages in the market because that will hurt the world economy, and Saudi Arabia does not live on the moon: When the world economy gets hurt, we get hurt also," Prince Bandar bin Sultan said after the White House meeting.
“我们不会允许市场出现石油供应短缺,那样将损全球经济。沙特并不是位于月球上:当全球经济受到损害,沙特也不能幸免。”在与白宫会晤后, Bandar bin Sultan王子说。

The prince said he conveyed a message from Crown Prince Abdullah for President Bush during the meeting.

☆ Crown Prince 皇太子, 皇储


"The president and the crown prince have been in touch on this subject for a while now. Both leaders feel strongly that higher energy prices have a negative impact on world economy," he said.

☆ negative impact 负面影响

Bandar said Saudi Arabia would not allow oil shortages to cause an increase in prices.

He said Saudi Arabia, OPEC's most influential member, wants the price of oil per barrel to be between $22 to $28.

The 11-member Organization of the Petroleum Exporting Countries agreed Wednesday to cut production by as much as 1 million barrels per day in April, which would make oil prices soar on the world market.

The Bush administration sharply criticized OPEC's plan.

"The president is disappointed in today's decision," White House press secretary Scott McClellan said at the time. "Producers should not take steps that harm American consumers and our economy."

Nationwide, the average price for a gallon of self-serve unleaded gasoline is at an all-time high of $1.77, according to a recent survey.