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Print Print edition: 2011-12-05

Global oil supply sufficient: Qatar

Published Updated

Global oil market supply is sufficient, OPEC member Qatar's energy minister said on Sunday. "The prices are determined by the market and currently the supply is enough," Mohammed al-Sada told reporters on the sidelines of the World Petroleum Congress.
OPEC Secretary-General Abdullah al-Badri, speaking a week before the producer group meets to discuss output against the backdrop of a debt crisis in the eurozone, told Reuters at the same event: "The market is very well supplied."

Copyright Reuters, 2011

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