Qatar Says OPEC Can Make Up for Loss of Libyan Production
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OPEC members and oil producers outside the group can compensate for any halt in crude shipments from Libya, Qatari Oil Minister Mohammed Saleh Al Sada said, after prices surged last week to a two-year high.
“We think there is no shortage of supply,” Al Sada told reporters in Doha today. “OPEC and others outside OPEC can make up for the loss of Libyan production.”