OPEC curbs may drive up oil price

VIENNA // Oil prices could rise sharply within three months if OPEC sticks to its supply curbs, the International Energy Agency said yesterday.

The forecast by the IEA, which represents 28 industrialised nations, lent weight to those in OPEC pushing for a freeze in the official output ceiling at a conference tomorrow.


Some members have been calling for deeper cuts to force world oil prices back above US$50 (Dh183.66) a barrel.

But David Fyfe, the editor of the IEA