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Oil market well supplied, EU debt worry: Qatar

Published September 25, 2011 Updated September 25, 2011 07:53am
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By Shoaib Ur Rehman
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oilDOHA: 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."

Copyright Reuters, 2011

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