OPEC Has No Plans to Boost Crude Oil Output, Say Libyan, Qatari Officials

(Bloomberg) -- OPEC, which supplies about two-fifths
of the world's oil, won't heed calls from consumers to increase
output for the summer driving season, officials from Libya and
Qatar said.

``We are convinced that the market is not short of
supply,'' Qatari Energy Minister Abdullah Al-Attiyah told
reporters in the Persian Gulf nation's capital Doha today.
Geopolitical risks in the Middle East and Africa are pushing oil
prices higher, rather than a lack of production, he said.


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