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."