Saudi oil minister backs OPEC increase
VIENNA (Reuters) – Saudi Arabia “absolutely” supports an
increase in OPEC’s production limits when the group meets on
Monday and Tuesday, Oil Minister Ali al-Naimi said on Saturday.
But Naimi said he saw no demand for extra crude oil from
the market and that the kingdom had not received any response
from its customers to its offer of extra crude in October.
Naimi was speaking on his arrival in Vienna for next week’s