IEA's Tanaka: oil market 'very well supplied'

The oil market will have plenty of supply until at least the end of 2011 if OPEC keeps producing at current levels, International Energy Agency Executive Director Nobuo Tanaka said on Monday.
"We think if OPEC continues production at the current level, the oil market will be very well supplied towards the end of next year," Tanaka told Reuters in an interview in Tokyo.
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Source: Reuters