Tuesday, May 15, 2007

OPEC sees ample crude stocks, no supply boost

(Reuters) - The monthly oil market report from the Organization of the Petroleum Exporting Countries also showed members keeping a lid on output, a policy OPEC officials say may extend beyond their next meeting on September 11.

"Heading into the driving season, crude oil stocks are more than adequate to meet expected demand. However, gasoline stocks are low for this time of year," OPEC's report said.


Read more at Reuters.com Business News

No comments: