'Saudi Arabia, the biggest producer in OPEC, increased output to meet demand as Iraq’s supplies fell after it invaded Kuwait in 1990. Iraq’s reintegration into the quota system “will take some give-and-take eventually,” Saudi Oil Minister Ali al-Naimi said today in Luanda.
Saudi Arabia “took nothing” when it boosted output in the 1990s, al-Naimi said. “We ensured the market was well-supplied. If it were not for Saudi Arabia the market would have been in very bad straits.” '