"We believe there is no shortage of supply," al-Attiyah said. "Traders aren't asking for extra cargoes," so any output increase must be carefully considered.
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Qatar Will Follow Other Members
Qatar agrees to a second increase in OPEC's oil production quota
Qatar agrees to a second increase in OPEC's oil production quota, though the issue has not been discussed yet with the group's president, Qatar's energy minister said.
OPEC, which pumps 40 per cent of the world's oil, said at a meeting in Iran on March 17 that it might raise its output quota to about 28 million barrels a day as early as April. OPEC agreed in Iran to immediately raise quotas by 500,000 barrels a day to 27.5 million barrels after crude oil prices surged to a record, threatening to slow global economic growth.
"We believe there is no shortage of supply," al-Attiyah said. "Traders aren't asking for extra cargoes," so any output increase must be carefully considered.
"We believe there is no shortage of supply," al-Attiyah said. "Traders aren't asking for extra cargoes," so any output increase must be carefully considered.
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