Angola says oil market balanced, current price good

DOHA (Reuters) - The global oil market is balanced and current prices are good, Angola's oil minister said on Sunday.
"The current supply of 30.2 to 30.3 (million barrels of oil per day) is being absorbed by the market," Jose de Vasconcelos said in the Qatari capital. "Saudi Arabia is producing over its quota and Libya is producing 800,000 bpd which is low. So 30.2 to 30.3 is not bad."