Sheikh Ahmad Oil Quotations

There are fears in the oil markets of the continued supplying of markets with crude oil although there's a big surplus; there are quantities that the market cannot absorb, there is no buyer.

Oil resources and supplies are plentiful and OPEC has been producing 1.5 million more barrels per day than its quotas in the third quarter of 2005,

according to the agreement, Kuwait will supply Lebanon with 500,000 tons of gas oil per year for three years valued at a total of between 700 million and 800 million US dollars.

it will not hesitate to take this step to plug any possible shortage in supplies, especially when we have recently seen that global economy was affected by high oil prices.