Qatar doesn't plan to follow Saudi Arabia's lead in increasing crude oil production because supplies are adequate, its oil minister said today.
"I never heard any panic about a shortage of supply, just about the high price," Abdullah bin Hamad al-Attiyahtold Bloomberg in an interview in Madrid. "We see in the market there are lots of cargoes."

Qatar, the third-smallest member of the Organization of Petroleum Exporting Countries, joins oil-producing nations the United Arab Emirates and Kuwait in declining to increase output at a time when record crude oil prices are fueling global inflation and slowing growth. ... Read full article