Disagreeing with OPEC's view that the oil market is over-supplied, the IEA urges the cartel to...

|By:, SA News Editor

Disagreeing with OPEC's view that the oil market is over-supplied, the IEA urges the cartel to produce more crude, even if it's the sour, heavy product. "It's a matter of price, (if it's) priced right, refineries will buy it and process it," says IEA chief Nobuo Tanaka.