OPEC's decision to cut output is 'unhelpful' -IEA

FRANCE: The decision by OPEC to cut output by 1.5 million barrels per day is "unhelpful" and comes in the context of main oil consuming countries facing a sharp recession, the International Energy Agency said on Friday.

"It's not a helpful decision because markets are quite nervous," Eduardo Lopez, senior analyst at the oil market division, told Reuters. "The size of the cut is too big," he added.

PARIS, Friday, Reuters