No need for OPEC meeting before June: Qatar

DOHA: There is no need for OPEC to hold a meeting before June as the market is in a comfortable position, Qatar’s Energy Minister said.

Updated 27 March 2011 23:45

REUTERS

March 27, 2011 23:45

“We can’t see the real need [for a meeting] because the market is in a comfortable situation,” Mohammed Saleh Al-Sada said on the sidelines of an industry event in Doha.

Oil prices had edged lower in light profit-taking on Friday, but ended higher on the week, as supply threats from the Middle East and Libya and the ongoing crisis in Japan sidelined many players.