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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: neolib who wrote (226811)	4/12/2007 11:35:59 AM
From: Wharf Rat	Read Replies (1) \| Respond to of 281500

As soon as demand hits 86MBPD or sooner This months "Highlights" of the IEA's "Oil Market Report" is out. omrpublic.iea.org World oil output fell by 265 kb/d in March to 85.3 mb/d on OPEC supply cuts and OECD production outages. Non-OPEC growth in 2007 is unchanged at 1.1 mb/d, versus 0.4 mb/d in 2006, extending the sharp recovery evident since mid-2006. OPEC NGLs will grow by 0.25 mb/d this year to 4.9 mb/d. Seasonal factors peg non-OPEC supply below 50.3 mb/d through to 3Q, before growth resumes to 50.9 mb/d in 4Q. And: Global oil product demand has been revised down to 84.3 mb/d in 2006 and 85.8 mb/d in 2007.