Saudi Arabia's Minister of Petroleum and Mineral Resources Ali Ibrahim Naimi speaks to journalists at a hotel in Vienna, Austria, Tuesday, Dec. 1, 2015, prior to the OPEC oil ministers' meeting on Friday. (AP Photo/Ronald Zak)
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Saudi Arabia is seen rejecting calls from fellow OPEC members to cut output when the group meets this week as the group's kingpin argues it cannot deal alone with one of the most severe oil gluts in history.OPEC is widely expected to stick to its policies – enforced by Saudi Arabia's Oil Minister Ali al-Naimi a year ago – of defending market share by pumping record volumes to drive rival, higher-cost producers out of the market.Venezuelan President Nicolas Maduro Wednesday said his country, one of OPEC's traditional price hawks, would push for a 5 percent output cut at the Friday meeting. OPEC is producing some 1.7 million barrels per day above ceiling.Arriving in Vienna Tuesday, Naimi said he would listen to other members, many of whom are complaining about oil prices that have fallen to near six year lows of below $44 a barrel from as high as $115 some 18 months ago.
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