Oil prices remained near record highs above $145 a barrel in Asia after Saudi Arabia's oil minister suggested his country doesn't plan to boost production.
Light, sweet crude for August delivery was up 23 cents at $145.52 a barrel in Asian electronic trading on the New York Mercantile Exchange, midafternoon in Singapore.
Crude futures rose to $145.85, a record high, in New York on Thursday before settling at a record finish of $145.29 a barrel.
Oil prices have risen more than 50 percent so far this year.
