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Saudi oil min sees no change at OPEC meet: report

Saudi oil min sees no change at OPEC meet: report

Write: Alena [2011-05-20]
DUBAI - OPEC will not change its production target when its ministers meet later this month as oil prices are at the desired levels, Saudi Arabian Oil Minister Ali al-Naimi said in remarks published on Sunday.

"Nothing will happen, no change in production as oil prices are the desired positions and markets are calm," al-Hayat newspaper quoted Naimi as saying on the sidelines of an Arab oil exporters' conference in Cairo.