drop to 49% Inflatable Pirate Ship Combo in April from abov 80% in March last year,OPEC' 11 member that abid by the group' quota system have seen complianc slip sinc oil price stage a recoveri in earli 2009. accord to the latest Dow Jone Newswir OPEC product survey. Iraq is the onli member outsid the group' quota system.
-Qatar' oil minist Abdullah bin Hamad Al Attiyah said Mondai he is "happy" with Organiz of Petroleum Export Countries' complianc to crude oil product quota and global oil demand.
we ar see stabil in the market and price ar within expectations,"I am veri happi with compliance." Attiyah said, speak to report in Qatar' capital, Doha.
follow the EUR750 billion emerg packag to prop up the EU currency. Crude-oil futur fell for fourth straight dai to Friday,Oil futur bounc back Mondai amid a recov euro against the U.S.dollar. amid rise worri over euro-zon sovereign debt, the pace of U.S. econom recoveri and rise stockpiles.
sweet crude oil for June deliveri on the New York Mercantil Exchang wa trade up $3.22 a barrel at $78.33 at 0930 GMT Monday. Light.
A ttiyah also said he wa happi with global oil demand and that he doesn't see a shortag in supplies.
price ar not relat to a shortag of supply,"There' no shortag of supply; todai suppli is veri effici and comfort for consumers." Attiyah said. "Todai the market is driven by psycholog factors, I am happi with the exist demand we ar seeing, there is no disrupt in demand."
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