[Al Arabiya Latest] Iraqi Oil Minister Hussain al-Shahristani said on Monday he saw "absolutely no need" for OPEC to decide to raise oil production at its upcoming meeting next month. Shahristani told Reuters in Istanbul that signs of global economic recovery would probably lead to increased oil demand in the near future, but at the same time crude reserves were higher now than they had been in the previous five years. "We see absolutely no need for OPEC states to decide to raise production at the next meeting," Shahristani said on the sidelines of a meeting between Iraqi officials and executives from the oil industry.