ABU DHABI: Ruling out suggestions made by US Energy secretary Sam Bodman, OPEC on Monday dismissed further calls to boost oil output.
Speaking to newsmen here OPEC Secretary-General Abdullah Al Badri said, OPEC is keeping a close eye on the market and stood ready to pump more when needed.
Qatar’s Deputy Premier and Minister of Energy and Industry Abdulla bin Hamad Al Attiyah said there is no need to increase the supply because the market is well supplied.
US Energy Secretary Sam Bodman had urged top exporter Saudi Arabia and OPEC to raise supply on a visit to the kingdom. His appeal came just days after President George W Bush asked the group for more oil on a separate visit to Riyadh, and less than two weeks before OPEC's next meeting on February 1.
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