No. 03



Naimi Sees No Need To Change Production Cut Policy In Present Market Conditions; Richardson Believes Prices Have Stabilized

Saudi Arabian Oil Minister Ali Naimi has contributed to the current debate among OPEC member states and other producers on whether or not to raise output next March when the current production cut program expires by proposing to maintain the present policy as long as market fundamentals remain stable. "We are looking at if we need to...