(Bloomberg) -- The international crude oil market
is well supplied, Algerian state-run newspaper El Moudjahid
said, citing the oil minister of the North African nation,
Chakib Khelil.
A shortage of oil-refining capacity and political unrest in
petroleum-producing nations is causing prices to rise rather
than a shortage of crude, Khelil told the Algiers-based daily.
Oil prices are going to stay at a ``high'' level throughout the
summer as consumption increases with people going on holiday, he
said.
Read more at Bloomberg Energy News
is well supplied, Algerian state-run newspaper El Moudjahid
said, citing the oil minister of the North African nation,
Chakib Khelil.
A shortage of oil-refining capacity and political unrest in
petroleum-producing nations is causing prices to rise rather
than a shortage of crude, Khelil told the Algiers-based daily.
Oil prices are going to stay at a ``high'' level throughout the
summer as consumption increases with people going on holiday, he
said.
Read more at Bloomberg Energy News
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