Gulf oil officials on Sunday defended OPEC’s decision last month to keep its production ceiling intact , blaming producers outside of the group for the glut of oil on the market that has depressed prices. Speaking at an energy conference in Abu Dhabi, Saudi Oil Minister Ali al-Naimi blamed a lack of coordination from producers outside the Organization of the Petroleum Exporting Countries—along with speculators and misleading information—for the slump. On Nov. 27, OPEC said it was keeping its production ceiling unchanged, sending crude prices into a tailspin. OPEC officials since have said the move was aimed at protecting the group’s market share, saying a reduction in output to […]