Limelight to Shine on Saudis at Energy Forum as Oil Prices Continue to Soar

"Saudi officials acknowledge that fast growth in China and India has stimulated demand and contributed to the oil price spike. But they say the chief causes of the price increase are speculation in oil futures markets and a shortage of capacity to refine oil into gasoline in rich countries. For that reason, there is widespread anger that oil producers here are being blamed for high prices."