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HomeBusinessOPEC says IEA should be 'very careful' with repeated calls to stop...

Balanced News: OPEC says IEA should be ‘very careful’ with repeated calls to stop investing in oil

Our 'quick read' news summary

The OPEC Secretary General lashed out at the International Energy Agency, saying that the world’s leading energy authority should be “very careful” about undermining industry investments. The IEA has been increasingly fraught in its relationship with OPEC, with the producers’ alliance accusing the energy agency of misrepresenting their actions. The relationship between OPEC and the IEA has been increasingly fraught in recent years, with the producers’ alliance accusing the energy agency of misrepresenting their actions. The IEA has warned that higher crude prices and upward inflationary pressures would result in a weaker global economy, with low-income nations likely to be disproportionately affected.

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