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Market supplied with enough oil, OPEC official says

TEHRAN
Sat Apr 5, 2008 2:24pm EDT

TEHRAN (Reuters) - The market is supplied with enough oil and OPEC is not under pressure to raise output, the organization's secretary general was quoted as saying on Saturday during a visit to Iran.

"Oil supply to the market is enough and high oil prices are not due to a shortage of crude but rather it is because of the decrease in the dollar's value, shortage of refinery capacity and some political tensions in the world," OPEC Secretary General Abdullah al-Badri was quoted as saying by Iran's official IRNA news agency.

(Reporting by Hossein Jaseb and Zahra Hosseinian; Writing by Fredrik Dahl; Editing by Sami Aboudi)


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