12/06/2012
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.
