Tuesday, May 15, 2007

OPEC sees no shortage of crude in market

(Reuters) - "We think there is no shortage of crude in the market at the moment," OPEC President and United Arab Emirates Oil Minister Mohammed al-Hamli told reporters on Tuesday, when asked about calls to boost output.

"The market is in balance... and fundamentals are in good shape now. We will increase supply if there is a need to or if the market needs it."


Read more at Reuters.com Hot Stocks News

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