OPEC does not see need to add more oil now -Sec-Gen

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RIYADH, Nov 14 (Reuters) OPEC Secretary-General Abdullah al-Badri said on Wednesday the group did not see a need to add more oil to the market at the moment as requested by the United States and will consider the issue at its policy meeting next month.

''I would like to say to the Energy Secretary... that we don't want to see any shortage in supply, that this question will be raised in our meeting in Abu Dhabi. We will see if we need to add more oil,'' he told a news conference ahead of an OPEC heads of state summit in the Saudi capital.

''At this time, frankly, we don't see that we should add more oil, but this is up to the ministers to decide.'' Badri was responding to a question that U.S. Energy Secretary Samuel Bodman had asked the Organization of the Petroleum Exporting Countries to agree as early as this week to increase oil production to tackle falling inventory levels and high crude prices.

OPEC will hold its next formal policy meeting in Abu Dhabi on Dec 5.


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