Kuwait oil minister: OPEC output change unlikely

Oil holds above $74 after OPEC output unchanged
Oil prices held above $74 a barrel Wednesday in Asia after OPEC left output levels unchanged and a report showed U.S. crude inventories fell last week.

Kuwaiti official: OPEC output cuts are unlikely
OPEC is unlikely to announce a new production cut during its meeting next week, a senior Kuwaiti oil official said in remarks published Sunday.

Saudis say no OPEC output cut needed
Saudi Oil Minister Ali Naimi says there is no need for OPEC to reduce production of oil.

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