IEA chief urges OPEC to raise oil output

OPEC countries should increase oil output when they meet next week, IEA head Claude Mandril said on Wednesday, adding that IEA members might extend arrangements for releasing oil from strategic reserves.

In an interview to appear this Friday in energy magazine “Revue le Petrole et le Gaz Arabes”, International Energy Agency executive director Claude Mandril said that an increase of the oil cartel’s production quota would be “a good thing”.