Oil prices rose this week on the back of a weakening dollar – thanks to comments from the U.S. Treasury Secretary supporting a weaker greenback – and ongoing declines in U.S. inventories. Saudi oil minister accuses IEA of overhyping shale. Saudi oil minister Khalid al-Falih made headlines on Thursday when he said at the World Economic Forum that the IEA had an “oversized focus” on U.S. shale growth. He implied that the IEA was hyping the threat of U.S. shale. “I was not disputing the amazing revolution of shale . . .[but] in the overall global supply-demand picture it’s not going to wreck the train,” al-Falih said in Davos. “We should not be scared,” he added. “That’s the core job of the IEA, not to take it out of […]