[Goldfisch]

@Börsengeflüster und simplify, das sind interessante Ansichten von Euch, ich finde auch das man beim Öl am meisten spekulieren kann und keiner weis so richtig wo es auf längere Sicht hingehen wird aber ich denke das wir vor dem Winter noch einen Preis um die 35-37$ erreichen werden bevor es wieder nach oben geht und da haben die steigenden Angebote der ölexportierenden Länder momentan noch den geringsten Einfluß.

Saudi Arabia vows to keep oil flowing

VIENNA: OPEC powerbroker Saudi Arabia said on Tuesday the kingdom would keep pumping oil at full capacity in a bid to bring down prices, but along with Venezuela it argued against raising quotas at a meeting of the cartel here on Wednesday. "The fundamentals do not support this price and OPEC does not want this price," Saudi Oil Minister Ali al-Nuaimi told reporters, as the oil price creeped over the $44 mark on Tuesday morning. "OPEC is doing its part, but OPEC is not the only player in town and people want to make money," the minister told reporters on Tuesday.

"They know there is no better way to make it than do what they are doing in the market. There is not much we can do. It is very legitimate, people want to make money," he said.

Nuaimi said OPEC felt the market was driven more by fear than fundamentals as OPEC was producing enough oil to meet demand and had the capacity to pump out more if needed. "We will always be ahead of demand," the minister said, while adding: "We don’t see any shortage in the market .I know there is enough oil to meet projections of demand."

Saudi Arabia would continue to pump 9.5 million barrels per day as long as there were orders, and it had the capacity to produce an extra one million, possibly more, if necessary, the minister said.

Officially Saudi Arabia has a capacity of 10.5 million barrels, but the true level was impossible to gauge until it was reached, he noted.

On the question of whether OPEC would officially raise its quota ceiling on production of 26 million barrels per day to match output, Nuaimi indicated there was little point. "The market knows there is production more than the ceiling by the 10 countries," he said. Iraq is not included in the quota system. Venezuelan Oil Minister Rafael Ramirez meanwhile said the oil market was well supplied and voiced opposition to any move by OPEC to raise its production quota.

"The market is well supplied, I am not in favour of an increase in quotas," he told reporters after arriving in the Austrian capital on Tuesday morning.

With these two players already in town along with ministers from Indonesia, Qatar, Algeria, Libya and Angola, private talks on the vital commodity that has gripped market watchers over the summer months were already likely underway.

The officials were due to be joined later in the day by the cartel’s remaining energy ministers such as Thamir Ghadhban from Iraq, the United Arab Emirates’ Obaid Saif al-Nasseri as well as Bijan Namdar Zangeneh of Iran.

The ministers have so far downplayed any suggestion of a crisis, despite the recent turmoil that has characterised the oil market. "We don’t see any crisis. I never saw a queue in a gas station anywhere in the world," Qatari Oil Minister Abdullah bin Hamad al-Attiyah said on Monday.

Only Algerian Oil Minister Chakib Khelil and his Kuwaiti counterpart have so far called for the cartel to adjust the ceiling. "We are producing at maximum right now and we just officialise that and that is all we can do," Khelil told reporters.

Kuwaiti Energy Minister Sheikh Ahmad Fahd al-Sabah argued that OPEC should raise production by at least 500,000 barrels per day to cool off prices, saying his country should be able to contribute another 200,000 barrels per day from October.