World oil market is well supplied, says UAE Minister of Energy

Vienna - The world oil market is well supplied, according to Mohammad Bin Dha'en Al Hameli, UAE Minister of Energy. "The Organisation of Petroleum Exporting Countries (OPEC) will review in its extraordinary meeting in Vienna situation of the world oil market," the UAE minister told reporter upon arrival in Vienna on Wednesday to take part in the meeting. "We believe there is a surplus in the market," he said.