-"At the moment, the oil market is over supplied and there are no shortages. There is enough oil in the market but the prices are still hiking and going upwards. It is natural that any supplier is happy with higher prices,"
- Iran oil minister KazemVaziri Hamaneh said Thursday in reference to the cartel producing at full capacity.
 
 
 
"We support the current OPEC production ceiling,"
- Iranian oil minister KazemVaziri Hamaneh said Thursday in reference to OPEC producing at full capacity.

 
   
"We presume it's in line with European competition policy. We do not expect any problems,"
- Independent refiner Petroplus said Wednesday referring to the company's plans to takeover European Petroleum holdings, owners of the Belgian refining company in Antwerp (Belgium).
   

Copyright © 2005 - Platts

Please visit:  www.platts.com

Their coverage of energy matters is extensive!!.