Qatar: There is no need for OPEC to increase oil production

According to the media June 29 reported the Doha, Qatar Oil Minister Abdullah bin Hamad Al-Attiyah on June 29 said that he thought the Organization of Petroleum Exporting Countries (OPEC), there was no need to September this year held in Vienna in the next members of the Council of Ministers on oil increase in oil production.

Attiyah In response to media questions about the OPEC meeting in September, said: "I think the OPEC meeting in September there is no need to increase oil production."

Attiyah said that despite the current 70 U.S. dollars per barrel of oil has nothing to do with supply and demand balance, but now there are signs that oil demand from Asia began to increase.

Attiyah said: "We are seeing some improvement in demand, but the current rise in oil prices and the market has nothing to do with supply and demand fundamentals."

Jul. 2, 2009

Vietnam in June crude oil export volume up 33%

News June 25, Vietnam Statistical Office (GSO) said Thursday, is expected to Vietnam in June crude oil export volume will increase over the same period last year, 33 percent or 1.38 million tons to reach 337,000 barrels a day.

Bureau of Statistics said that Viet Nam is expected in June crude oil exports will decline 33 percent last year to 720 million U.S. dollars.

According to the amendments to GSO data, exports to Vietnam in May of 1.322 million tons of crude oil, exports 579 million U.S. dollars.

1-6 months, it is estimated that the country's crude oil export capacity of 8,282,000 tons, 23.5 percent growth over last year. GSO said that 1-6 is expected during the month of crude oil exports will fall 41.5 percent to 3.31 billion U.S. dollars.

Jun. 28, 2009