IEA to Discuss Energy Efficiency, Closer OPEC Ties

The IEA will discuss energy efficiency and closer cooperation with OPEC, among other topics, at a series of closed sessions over the next two days, a person familiar with the agency’s policies said Monday.

The International Energy Agency, which represents the energy security interests of Organization of Economic Cooperation and Development countries, is hosting its biannual ministerial meeting May 2-3 in Paris.

The meeting comes amid fears that wafer-thin spare global crude capacity puts oil-thirsty nations at the mercy of a supply disruption as well as contributing to surging energy prices that could derail world economic growth.

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