... should have more contacts and consultations on the energy market," said Ali Akbar Velayati.

Two weeks ago, during a CNN panel debate at Davos, a senior Saudi official laid out what could be described as a "carrot and stick" approach.

Saudi Aramco chairman Khalid al-Falih said his country would not reduce output to make space for others, a thinly-veiled reference to regional rival Iran who is eager to add one million barrels per day to its production by the end of this year.

He also stated bluntly that with the lowest cost production in the world, the Kingdom could live with low oil prices "for a long, long time."

But he also held out the possibility of action.

"If there are short term adjustments that need to be made and if otherand having a predetermined plate width, and provided with a main portion, at least one connecting portion and an elbow portion defined as a portion between the main portion and the connecting portion thereof; a third wiring that extends as a narrow plate having two main faces and having a predetermined plate width, and provided with a main portion, at least one connecting portion and an elbow portion defined as a portion between the main portion and the connecting portion thereof, the connecting portion of the first wiring and the connecting portion of the third wiring being in contact with each other through a predetermined area; and a fourth wiring that extends as a narrow plate having two main faces and having a predetermined width, and provided with