U.S energy sec urges OPEC to raise output at meeting

RIYADH (Reuters) – U.S. Energy Secretary Sam Bodman said on Saturday that Saudi Arabia should raise output to ease tightness in world oil supplies and that OPEC should up output at its February 1 meeting.

“I think it is possible for there to be an increase in supply over a period of time because there is a reserve,” he told reporters, referring to Saudi Arabia. “I believe they have to alleviate this problem.”


“It’s important there’s an increase in supply,” he said, when asked whether he wanted producer cartel OPEC to commit to a production increase at a February 1 meeting in Vienna.

“The figures would indicate a call for increased supplies. As to the numbers, I wouldn’t like to speculate.”

Reuters