Published — Monday 8 April 2013
Last update 8 April 2013 1:42 am
LONDON: The global crude oil maket is well supplied and balanced, OPEC member Algeria's Energy and Mines Minister Youcef Yousfi was quoted as saying, ahead of an OPEC meeting next month to set output policy.
"The global oil market is well supplied and suffers no imbalance between supply and demand," the APS news agency quoted him as saying.
The Organization of the Petroleum Exporting Countries is scheduled to meet on May 1 in Vienna to review its policy for the second half of the year.