OPEC/OIL PRICES

 

OPEC And IEA At Odds Over Sustained High Oil Prices

 

Producers' group OPEC and consumers' organization the International Energy Agency (IEA) agree that oil prices are too high and too volatile. But they disagree about the cause – OPEC says that with its production at record levels speculation is the only logical explanation; the IEA says that there is no evidence of speculation driving long term prices and that the market...