OSLO (Reuters) – OPEC countries, which are meeting next week to discuss their level of oil output, should make the right decision for the global economy, which remains “very fragile”, the head of the International Energy Agency told Reuters on Tuesday.
“It is up to OPEC countries to decide, but what I see is that the pressure is strong on the OPEC plus Russia, as a result of the strong growth coming from the non-OPEC countries – the U.S., Brazil, Norway, Guyana and others,” Fatih Birol said in an interview on the sidelines of an energy conference in Oslo.
“There will be lots of oil in the markets. I hope they will make the right decision for themselves and for the global economy.”
(Reporting by Gwladys Fouche, editing by Terje Solsvik and Jason Neely)