October
14, 2003
OPEC
chief content with supply
(Upstream) - No need to raise output, says
Silva OPEC Secretary-General Alvaro Silva said.
There was sufficient supply in world oil markets
and that raising output would not ease prices.
"We are seeing oil prices at the high end
of Opec's $22 to $28 band. These price levels
will be reviewed in the next extraordinary meeting
on 4 December," Silva was quoted as saying
by financial newspaper Expansion.
"For the
moment, we can say that the market is sufficiently
supplied, but the member ministers will meet to
take the necessary measures," he said.
