Perhaps the greatest achievement of the high-level oil meeting in Jeddah last week was to illustrate just how big a conundrum record oil prices of about $140 a barrel present.
The dozens of energy ministers, oil company chief executives and handfuls of government officials who assembled at the hastily-called meeting managed to agree on very little, while the offer of an extra 200,000 b/d from their host also achieved next to nothing.
