The Organization of the Petroleum Exporting Countries (OPEC) is keeping a close eye on the market and stood ready to pump more when needed, OPEC Secretary-General Abdullah al-Badri said.
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OPEC Denies To Boost Oil Output
OPEC dismissed further calls to boost oil output from top consumer the United States
OPEC dismissed further calls to boost oil output from top consumer the United States, saying the global market is well supplied and the producer group has little control over oil prices near $90 a barrel.
US Energy Secretary Sam Bodman on Saturday urged top exporter Saudi Arabia and OPEC to raise supply on a visit to the kingdom. His appeal came just days after President George W. Bush asked the group for more oil on a separate visit to Riyadh, and less than two weeks before OPEC's next meeting on February 1.
The Organization of the Petroleum Exporting Countries (OPEC) is keeping a close eye on the market and stood ready to pump more when needed, OPEC Secretary-General Abdullah al-Badri said.
The Organization of the Petroleum Exporting Countries (OPEC) is keeping a close eye on the market and stood ready to pump more when needed, OPEC Secretary-General Abdullah al-Badri said.
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