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No need for supply boost - Opec ministers say
- Wednesday, April 09 - 2008 at 10:33
Opec's president and the oil minister for Qatar both made comments on Tuesday stating that there is no oil shortage and no need for the group to boost output, reported Reuters. The comments are the latest to underscore Opec's view that factors beyond supply and demand have pushed prices higher. The comments are the latest to underscore OPEC's view that factors beyond supply and demand have pushed prices higher. Oil CLc1 hit a record $111.80 a barrel on March 17 and was trading around $109 on Tuesday.
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Jeff Florian, Senior ReporterWednesday, April 09 - 2008 at 10:33 UAE local time (GMT+4)
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