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Saudi minister: no oil sale cuts

OPEC ministers were all but certain to leave output targets unchanged at a meeting late last night after the top exporter Saudi Arabia said there was no need for action.<br /><br />So far, none of the 12 Opec members has stated any need to cut production as prices are above $71 a barrel and signs of a strengthening world economy have shifted the focus away from high inventory levels and still sluggish fuel demand.<br /><br />Opec could still ask members to comply more closely to existing output curbs, which would amount to an unofficial supply cut.