"We'll see whether or not that is the firm decision of their government."
- US President George W. Bush replied when asked about Iranian Foreign Minister Manouchehr Mottaki's comments refusing to suspend uranium enrichment.

"If we feel the need we will meet before (September)."
- Qatari oil minister Abdullah al-Attiyah said after the meeting between OPEC ministers in Caracas where they agreed to leave crude output quotas unchanged for the time being in their formal conference. The group has not scheduled any meeting before its next ordinary meeting on September 11.

"Fundamentals remain unchanged since the last review. The market is oversupplied and commercial stocks are at comfortable levels in terms of forward cover."
- A formal communique from OPEC on Thursday said, confirming its decision to leave crude output quotas unchanged for the time being, saying that it believed the oil market was currently oversupplied and that stocks were adequate.

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