Saudis say no OPEC output cut needed

Saudi oil minister: OPEC to hold output steady
OPEC is unlikely to cut output at its upcoming meeting, Saudi Arabia's oil minister said in comments published Tuesday, as indications mounted that the oil producing bloc would resist a...

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.

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.

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