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The International Energy Agency (IEA) often makes mistakes when making forecasts and thereby creates instability in the energy market, Saudi Energy Minister Abdelaziz bin Salman said.

“There is such an organization – the IEA. It proved that it takes a special talent to constantly make mistakes. And that is exactly what it is doing,” the minister said on May 23 at an economic forum in Qatar.

In particular, in his opinion, the IEA was wrong with its forecasts regarding Russia.

The Saudi minister suggested that such inaccuracies of the IEA cause instability in the energy market and hinder investments in energy production.

Source: Turan News Agency

By kadmin