Kuwaiti Oil Minister Bakheet Al-Rashidi crossed the wires in the last hour and said that the OPEC has the ability to meet demand in the market when there is a need.
Additional quotes:
“¢ Expects global demand for crude oil to rise between 1.4-1.5 million bpd annually.
“¢ The OPEC Vienna meeting will study supply and demand and then ascertain whether to cut or raise production.
“¢ What OPEC cares about is oil market stability.