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Saudi Oil Minister: OPEC Won't Discuss Output Levels at Meeting in Riyadh - ASHARQ AL-AWSAT English Archive
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RIYADH (AP) – Saudi Arabia’s Oil Minister Ali al-Naimi on Tuesday said the Organization of Petroleum Exporting Countries will not discuss output levels at the group’s upcoming summit in Riyadh but left open the possibility that production could be discussed at a meeting next month.

“There is absolutely not going to be talk of a supply increase during the summit,” said al-Naimi, according to Dow Jones Newswires.

“We will discuss it in December” in Abu Dhabi, United Arab Emirates, he said, adding that the group “might increase” production.

Leaders from many of the world’s top oil producers will meet this weekend in the Saudi Arabian capital to discuss the challenges a potential global recession and the slumping dollar present to the oil market.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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