While both the IEA and OPEC forecast growing demand for crude in 2011, the two remain at...

|By:, SA News Editor

While both the IEA and OPEC forecast growing demand for crude in 2011, the two remain at loggerheads over whether OPEC's current output ceilings are appropriate. On Monday, IEA's executive director warned OPEC "must continue to be alarmed" over rising prices, prompting OPEC's secretary general to respond: "There is more than enough oil on the market."