Qatar Oil Minister: Oil market ‘well supplied’
Published: January 19th, 2010
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.
