dramama
April 6th, 2008, 07:49 PM
TEHRAN (Reuters) - The oil market is supplied with enough crude and OPEC is not under pressure to raise output, the group's secretary-general was quoted as saying on Saturday during a visit to Iran.
"Oil supply to the market is enough and high oil prices are not due to a shortage of crude but rather it is because of the decrease in the dollar's value, shortage of refinery capacity and some political tensions in the world," OPEC Secretary-General Abdullah al-Badri was quoted as saying by Iran's official IRNA news agency.
http://biz.yahoo.com/rb/080405/iran_opec.html?.v=2
"Oil supply to the market is enough and high oil prices are not due to a shortage of crude but rather it is because of the decrease in the dollar's value, shortage of refinery capacity and some political tensions in the world," OPEC Secretary-General Abdullah al-Badri was quoted as saying by Iran's official IRNA news agency.
http://biz.yahoo.com/rb/080405/iran_opec.html?.v=2