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Key OPEC oil ministers insist crude is plentiful 2 VIENNA
Abdullah Al Published in Saudi Press Agency on 10 - 09 - 2007


Aleem,
also said he believes there is plenty of oil to meet world
demand and no compelling reason to boost production at
Tuesday's meeting _ echoing earlier comments by Libya and
OPEC's secretary general, Abdalla Salem El-Badri.
«There are no strong justifications for an output
increase,» Al-Aleem said in a statement Sunday, adding
that he felt global markets were «very close to
stability.»
Al-Aleem said the cartel would be discussing «all
indicators that concern the international oil market.
The 12 OPEC members are Algeria, Angola, Indonesia, Iran,
Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United
Arab Emirates and Venezuela.

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