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No shortage of crude supply says Qatar oil minister
Qatar's oil minister Abdullah al-Attiyah gestures as he speaks to a
Credit: Reuters reporter during an interview in Tokyo November 18, 2006. The oil market faces no shortage of crude at present, al-Attiyah told reporters on Sunday. REUTERS/Kiyoshi Ota
VIENNA |
VIENNA (Reuters) - The oil market faces no shortage of crude at present, Qatari Oil Minister Abdullah al-Attiyah told reporters on Sunday.
He said the situation could change in the face of a harsh winter and reiterated that OPEC was ready to supply any real market need if required.
"So far I am confident there is no shortage of supply," Attiyah said on his arrival for Tuesday's OPEC meeting.
"If this coming year the winter is going to be very severe, this is a different story," he added.
The minister said he believed world oil stocks were "very comfortable."
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