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OPEC accuses IEA of triggering global oil turmoil

London | OPEC has claimed the International Energy Agency’s calls to halt investment in oil are triggering turmoil in energy markets, intensifying a war of words between producers and rich-world consumers.

OPEC secretary-general Haitham Al Ghais accused the IEA, which is funded by the OECD group of rich economies, of “finger pointing” after the agency warned the surprise production cuts announced by the oil cartel earlier this month risked exacerbating inflation.

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Financial Times

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    Original URL: https://www.afr.com/companies/energy/opec-accuses-iea-of-triggering-global-oil-turmoil-20230428-p5d3xw