Liam Denning, Columnist

It's Getting Snarky in the Oil Market

OPEC's supply cuts aren't draining inventories quickly enough.

June 14, 2017 at 5:49 PM UTC

Liam Denning is a Bloomberg Opinion columnist covering energy. A former banker, he edited the Wall Street Journal’s Heard on the Street column and wrote the Financial Times’s Lex column.

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The International Energy Agency indulged in a little trolling on Wednesday.

The title of the executive summary of the IEA's oil report this month -- "Whatever It Takes" -- was a direct reference to the Saudi Arabian energy minister's portentous description of OPEC's resolve to drain bloated oil inventories. While he wasn't mentioned, there's little doubt the summary's final line was aimed at him: