Oil market well supplied, EU debt worry: Qatar

DOHA: The global oil market is well supplied but European debt problems are a big concern for producers, Qatar Energy Minister Mohammed Saleh al-Sada said on Sunday.

"Supply is at a good standing. Demand will continue to be affected by economic growth internationally," Al Sada told reporters on the sidelines of a conference in Doha.

"We are watching closely developments on supply and demand ... It is evident that the emphasis is now on the financial issues in some European countries."