Al-Sada Says Too Soon to Judge if OPEC Will Decide for More Oil
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Qatar’s Oil Minister Mohammed bin Saleh al-Sada said it is too early to say whether OPEC will decide to pump additional crude at its next meeting in June.
A stable oil price is a goal of the Organization of Petroleum Exporting Countries, and markets are well-supplied, he told reporters in Doha. The global economy is not weak enough to justify a freefall in crude prices, al-Sada said today.