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Qatar’s oil minister said the market is “well-supplied” and that it was too early to speculate about the outcome of OPEC’s next meeting in March. Abdullah bin Hamad al Attiyah said: “The market is well-supplied … and it’s too early to talk about March now.”

The recent rise in oil prices would not hamper economic recovery, he added.

OPEC members achieved a 66 percent compliance last year with agreed crude output targets, a senior Iranian oil official was quoted as saying earlier on Sunday.


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