Naimi says world can live with $75-$80 oil

If this email is not displayed correctly, please click on the following link or open your browser and paste the link into the address field: http://view.ed4.net/v/OZMCDD/WQGR2/6PU2TE/HETUC/   Breaking news Wednesday May 27 2009 Breaking News   Naimi says world can live with $75-$80 oil Global oil demand is picking up, supported by higher consumption in China, driving oil prices higher, Ali Naimi, Saudi Arabia's oil minister, said on Wednesday ahead of Thursday's Opec meeting in Vienna. Mr Naimi added that Opec did not need to cut its production, arguing that the cartel would "stay its course". Opec, which produces about 40 per cent of the world's oil, has reduced sharply its production since September to combat the decline in oil prices. http://link.ft.com/r/OZMCDD/E6NFB/KSGTA/F8T2D/PW1SE/AZ/h Tools Your account    Portfolio Email Briefings    Price alerts Keyword alerts    RSS feeds © THE FINANCIAL TIMES LTD 2009 ABOUT THIS EMAIL You have received this email because you have signed up for this keyword/company alert on FT.com Change Briefings  •   Unsubscribe  •   Change Email Address  •   Forward this email to a friend  •   Privacy Policy  •   About Us  •   Help The Financial Times Limited, registered in England and Wales number 227590. Registered office: Number One Southwark Bridge, London SE1 9HL. VAT number GB 278 5371 21.