Saudi oil minister: OPEC to hold output steady

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

OPEC to accommodate increased Libyan output
There is a "gentlemen's agreement" between OPEC members to accommodate increasing output from Libya, the North African country's oil minister said Saturday.

Saudi oil minister says oil is at 'perfect' price
Saudi Arabia's oil minister said Saturday that current global oil prices are "perfect," as several key Arab OPEC members indicated the group was unlikely to change output levels.

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