OPEC ‘Doing Enough’ to Meet Demand as States Miss Output Quotas

May 14 (Bloomberg) — Saudi Arabia and Qatar, which together account for a third of OPEC’s output, said members are doing enough to expand oil production capacity even as four states in the exporters group have failed to meet their quotas since January.

Saudi Oil minister Ali al-Naimi said oil producers should study future demand forecasts before boosting output capacity beyond what’s already planned. “Global growth may not continue at this level for many years,” he said in a speech today at an oil conference in Amman, Jordan.
Bloomberg