‘No need for OPEC meeting before June’

DOHA: There is no need for OPEC to hold a meeting before June as the market is in a comfortable position, Qatar's Energy Minister said on Sunday.

"We can't see the real need for a meeting because the market is in a comfortable situation," Mohammed Saleh al-Sada told Reuters on the sidelines of an industry event in Doha.

Oil prices had edged lower in light profit-taking on Friday, but ended higher on the week, as supply threats from the Middle East and Libya and the ongoing crisis in Japan sidelined many players.