IEA Urges OPEC to open the taps as oil market enters 'Red Zone'

The International Energy Agency made a direct appeal to OPEC and other major oil producers to boost output, warning that prices are inflicting damage on the global economy.

By Bloomberg News, Javier Blas, Grant Smith and Francine Lacqua

The International Energy Agency made a direct appeal to OPEC and other major oil producers to boost output, warning that prices are inflicting damage on the global economy.

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