Saudi oil minister backs OPEC output increase
Posted on: Saturday, 17 September 2005, 07:59 CDT
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 two-day meeting
Source: REUTERS
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