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Al-Attiyah of Qatar Says OPEC Unlikely to Cut Output This Week

Source: Bloomberg 3/12/2007, Location: Middle East

Qatar Oil Minister Abdullah bin Hamad al-Attiyah talks about the outlook for the March 15 OPEC meeting and Exxon Mobil Corp.'s decision last month to drop plans for a multibillion-dollar gas-to-liquids plant in Qatar. The Organization of Petroleum Exporting Countries promised to cut supply at its last two meetings in October and December by a combined 1.7 million barrels a day, to compensate for a post-winter decline in heating oil demand and keep crude in New York near $60 a barrel.

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