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DUBAI, Sept 8: The Organisation of Petroleum Exporting Countries will examine whether it needs to “slightly” hike output when it meets in Vienna next week, Iraqi Oil Minister Hussein Shahristani said on Saturday.
The oil cartel, which convenes on Tuesday, will be discussing if there is a need to increase its production slightly to meet the increased demand, Shahristani told reporters in the United Arab Emirates. Shahristani, speaking on the sidelines of an “Iraq Petroleum 2007”conference, said that while oil supplies are currently sufficient, there is a capacity in Opec to increase its supply to the market as is needed.--AFP
