Middle East Economic Survey

VOL. LIV

No 4

24-Jan-2011

OPEC/OIL PRICES

Badri Hits Back After IEA Labels Oil Prices Alarming

OPEC Secretary-General 'Abd Allah al-Badri slammed the International Energy Agency (IEA) on 18 January for having labeled current oil prices as alarming, charging the consumer watchdog with fear-mongering. This charge came a day after IEA Executive Director Nobuo Tanaka called on OPEC to show more supply flexibility in what was a tightening market, and likened the...