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No shortage of crude in market says Qatar

Beirut, April 29, 2010

There is no shortage of crude oil in the market and inventories are at their highest in more than 62 days, Qatari Oil Minister Abdullah al-Attiyah has said.

Asked if Opec would increase output if oil prices reach $100 a barrel, 'That's very difficult now to predict, because we should ask ourselves if there's a shortage of oil or not,' Attiyah told Reuters in Beirut.

'We believe there is no shortage of oil. We believe the inventory is in the highest in over 62 days,” he added. – Reuters




Tags: Qatar | Oil | Opec | Beirut | Shortage | Inventories |

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