High oil prices hurting consumers, to have impact on producers: IEA Chief

High oil prices are hurting consumers and could also have adverse implications for producers, the executive director of International Energy Agency (IEA), said on Tuesday.

"Many countries' current account deficits have been affected by high oil prices," said Fatih Birol, speaking at an energy conference in Singapore.

Birol also said Southeast Asia is set to become a net importer of oil, gas and coal, increasing vulnerability to price volatility and raising energy security concerns.