Middle East Economic Survey


No 8



IEAs Tanaka Says Further OPEC Cuts Could Hinder Economic Recovery

Executive Director of the International Energy Agency (IEA) Nobuo Tanaka has urged OPEC not to cut crude oil production further in an effort to raise prices, suggesting that such a move would hinder a recovery of the global economy. Speaking to reporters during an energy conference in London on 16 February, Mr Tanaka said: If OPEC is aiming at a rapid price...