Opec: no need to pump more oil
Opec members saw no need on Sunday to pump more oil in response to last week's double-digit surge in oil prices to over $139 a barrel that top exporter Saudi Arabia described as unjustified.
OPEC is going to raise its oil production quota a slight degree next week, Trend cites the head of the Oil Market Department of the Energy Security Analysis Institute, Rick Mueller, as saying.