IEA's Tanaka urges OPEC to study market closely before decision

摘要

Singapore-The executive director of the International Energy Agency, Nobuo Tanaka, November 26 urged OPEC to study the oil market closely before adjusting its output target at forthcoming meetings. OPEC's output in October was higher than the IEA's latest estimate of the "call" on OPEC oil, "so it is understandable that they are adjusting their production level," Tanaka told Platts in an interview in Singapore. "But at the same time, they have to watch carefully what the market situation is."