• The Kingdom is satisfied with the level of OPEC production


    Saudi Oil Minister Ali al-Naimi Said  today he was satisfied with the current target level of OPEC production. Al-Naimi said in an interview yesterday that raising the ceiling of OPEC production of 30 million barrels a day may be justified. OPEC produces more than 8.1 million barrels per day above that level.OPEC holds a meeting on Thursday to decide on output policy for the second half of the year.

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