Global oil stocks are at healthy levels and there is adequate supply in the market, Qatar's energy minister said on Monday.
Global oil stocks are at healthy levels and there is adequate supply in
the market,
Qatar
's
energy minister said on Monday.
"The reserves worldwide are at a very comfortable level and there is no
shortage recorded," Mohammed Bin Saleh Al Sada told reporters on the
sidelines of the COP18 climate change conference in
Doha
.
He said it was too early to say whether OPEC would change its output quota at
this month's meeting in
Vienna
as
oil prices remain underpinned by tensions in the
Middle
East
.
On the New York Mercantile Exchange, light, sweet crude futures for delivery in
January traded at $88.96 a barrel at 0645 GMT, up $0.05 in the Globex
electronic session. January Brent crude on
London
's ICE
Futures exchange rose $0.34 to $111.57 a barrel.
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