OPEC's El-Badri urges IEA to end release of oil

07/04/2011
Eric WatkinsOil Diplomacy EditorAbdullah El-Badri, secretary general of the Organization of the Petroleum Exporting Countries, urged the International Energy Agency to reverse its earlier decision to release 60 million bbl of oil over 30 days."I hope this practice will be stopped and stopped immediately," El-Badri told a news conference in Vienna after the scheduled 8th ministerial-level meeting of the energy dialogue between OPEC and the European Union."We don't see a good reason to release this quantity, and I hope the IEA will refrain from using this practice," El-Badry said, also telling the Kuwait News Agency that IEA had wronged OPEC with its decision to release ...
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