OPEC does not want high oil price: Saudi Oil Min

Taif (Saudi Arabia), Jul 23: OPEC producers want to avoid high oil prices that may harm global economic growth, the oil minister of top world exporter Saudi Arabia said on Sunday.

''OPEC-member states want stability in world oil markets and seek to avoid fluctuations in oil prices or a rise in prices to levels that would affect the global economy, especially that of developing countries,'' Oil Minister Ali al-Naimi told the state Saudi Press Agency. He did not specify a price level.

REUTERS