Stig Östlund

söndag, februari 27, 2011

Qatar Says OPEC Can Make Up for Loss of Libyan Production

OPEC can make up for the loss of any crude production from Libya, Qatari Oil Minister Mohammed Saleh Al Sada said, after prices surged last week to a two-year high.

Al Sada told reporters in Doha today there is no shortage in oil supply. Concern that political upheaval in North Africa and the Middle East would disrupt supplies drove the price of crude to $103.41 a barrel last week, the highest level since September 2008. Libya holds the largest proven oil reserves in Africa.
BLOOMBERG

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