UPDATE 1-OPEC says higher oil output not needed
(Adds comments, details, background)
BERLIN, Jan 19 (Reuters) - OPEC currently sees no need for an increase in oil output but is analysing the market every day, the organisation's Secretary General Abdullah al-Badri told German weekly magazine Der Spiegel in an interview.
"We're carefully analysing the market day in, day out. If we reach the conclusion the fundamental data warrant an increase in production, then our oil ministers will not hesitate to decree this," he told the magazine in comments published on Saturday.
"But at present we see no need for this."
U.S. Energy Secretary Sam Bodman said earlier on Saturday Saudi Arabia should raise output to ease tightness in world oil supplies and that OPEC should lift output next month.
When asked if OPEC had celebrated when crude oil prices first reached $100 per barrel earlier this year, Badri said:
"No, why should we? We're interested in sensible prices. We want stability. It was a sole trader who miscalculated and lost money in the process," he added.
Badri was also asked if he thought the cost of a barrel of oil could reach $200 in the next 10 years, as had been forecast by Germany's Berlin-based DIW economic think tank.
"The price of oil should essentially be determined by supply and demand, and if it does, then a jump to $200 is highly unlikely," he said, in comments that were published in German. Continued...

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