BUSINESS
06/19/2008 05:12 am ET | Updated May 25, 2011

WATCH: OPEC Chief: "There Is No Shortage Of Oil"

OPEC takes another swipe at speculators blaming them for driving oil prices to record highs.

Speaking at the Reuters Energy Summit, the oil cartel's Secretary General Abdullah al-Badri says there is no need to raise production stressing global supply levels are more than adequate.

He's been speaking with Reuters reporter Darcy Lambton.