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Pump at Will

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OPEC Members Should Pump at Will, Qatar Minister Says (Update4)  聞く

June 2 (Bloomberg) -- OPEC should pump oil at will in the next few months, Qatar's energy minister said as the group's president called for efforts to cause a ``significant'' drop in record oil prices.

 

The Qatari, Abdullah bin Hamad al-Attiyah, said OPEC is near a consensus to boost its output quota by 2.5 million barrels a day, or 11 percent, a plan also backed by Kuwait. Saudi Arabia, the world's biggest oil exporter, will ensure markets have enough supply, said the nation's oil minister, Ali al-Naimi.

 

``Everybody should produce what they want over the next few months,'' al-Attiyah said in an interview in Beirut, where OPEC meets tomorrow. ``We do not want to see any shortage of supply at all, and we want to avoid shocks.''

 

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