(Adds background) DUBAI, Dec 6 (Reuters) - OPEC will not change itsproduction target when its ministers meet later this month asoil prices are at the desired levels, Saudi Arabian OilMinister Ali al-Naimi said in remarks published on Sunday.
"Nothing will happen, no change in production as oil pricesare at the desired positions and markets are calm," Saudi-ownedal-Hayat newspaper quoted Naimi as saying on the sidelines ofan Arab oil exporters' conference in Cairo. OPEC has held its formal output targets steady all yearfollowing a decision announced last December to cut supplies bya record 4.2 million barrels per day compared with September2008.
Full Story: Saudi oil min sees no change at OPEC meet -report - Reuters UK
"Nothing will happen, no change in production as oil pricesare at the desired positions and markets are calm," Saudi-ownedal-Hayat newspaper quoted Naimi as saying on the sidelines ofan Arab oil exporters' conference in Cairo. OPEC has held its formal output targets steady all yearfollowing a decision announced last December to cut supplies bya record 4.2 million barrels per day compared with September2008.
Full Story: Saudi oil min sees no change at OPEC meet -report - Reuters UK
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