OPEC MEETING Qatar does not see any need for more OPEC oil UPDATE

ABU DHABI (Thomson Financial) - Qatar's oil minister Abdullah Hamad al-Attiyah said he does not see any need for more OPEC oil as he arrived in Abu Dhabi for the cartel's meeting tomorrow.
Asked by reporters if OPEC will increase production, he said: "If there is a need (to increase production), but I don't see that there is any need."
Al-Attiyah also said: "The International Energy Agency (is) forecasting that there will be lower demand so we have to believe that," adding that he was not "feeling there is panic for extra supply."
Qatar oil production currently stands at 803,000 bpd, according to the OPEC website.
"I think now we are thinking about the number (quota) we agreed last Vienna meeting. So far this is what we believe should be the level."
He also affirmed that he is happy with current output levels, saying, "this is my opinion."
At the Vienna OPEC meeting, the cartel agreed to raise output by 500,000 bpd, beginning Nov 1.
Asked by reporters about the current price of oil, he said" "I never comment about oil prices, this is a market force."
"I talk about demand and supply. This is the most important thing we are thinking about," he added.