15.03.2012 - IEA downgrades non-OPEC oil supply forecast for 2012
Oil supply from non-OPEC countries will grow less than expected in the first quarter this year, the International Energy Agency (IEA) said on Wednesday, leaving its global oil demand growth forecast unchanged. The agency, which advises industrialised nations on energy policy, said non-OPEC oil production will rise by 300,000 barrels per day (bpd) In the first quarter of 2012, down from 490,000 bpd in previous forecasts as unplanned shut-ins topped 750,000 bpd...............................................Full Article: Source
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