US urges oil producers to keep market ‘well supplied’

WASHINGTON (Thomson Financial) – The White House urged OPEC to keep world markets ‘well supplied’ ahead of the cartel’s production meeting tomorrow.

Spokeswoman Dana Perino declined to comment specifically until OPEC formally announces a decision, with record oil prices sparking consumer calls for increased production.


But she reiterated past US appeals that ‘oil producing countries should work to keep the markets well supplied, and right now we have extremely high demand and tight supply, it’s worldwide demand.’

OPEC representatives arriving in Vienna, the group’s headquarters, have indicated output levels will remain on hold as supplies are sufficient.

Forbes