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Global Oil Market is Well Supplied, Qatar Energy Minister

Source: Reuters 10/15/2012, Location: Middle East

The global oil market is well supplied and oil stock levels are healthy, Qatar energy minister Mohammed Saleh al-Sada said.

"The market is well supplied worldwide and the stock level of oil is in a very healthy situation," he told a group of reporters on a visit to Tokyo.

"We produce more than 700,000 barrels per day but also the equivalent amount is produced for condensate," he added.

He made the comments on the sidelines of a meeting between Japanese and Qatari energy and industry ministers.

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