ABU DHABI, 26 September 2005 — The Organization of Petroleum Exporting Countries wants “fair” oil prices and will raise its output ceiling whenever it deems this will promote price stability, the organization’s president said in remarks delivered on his behalf yesterday. “OPEC wants fair prices. High oil prices don’t serve producers, especially OPEC members,” Kuwait’s Energy Minister Sheikh Ahmad Fahd Al-Sabah said in a keynote speech delivered at a three-day oil conference. In his address, read by Talal Al-Khaled Al-Sabah, managing director for services at Kuwait Petroleum Corporation, Sheikh Ahmad said past experience showed that rising prices eventually lead to a price crash.