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News in brief: oil falls though IEA is bullish


IEA says oil supply fell in MarchThe International Energy Agency today released its monthly oil market report. It lowered its estimate of global oil demand in 2009 by 70,000 barrels a day but raised its forecast for 2010 by 30,000 b/d after preliminary data adjustments.Global oil supply fell by 220,000 b/d in March to 86.6m, because of lower Opec output. Non-Opec supply was unchanged at 52.5m barrels.The agency estimated that global refinery throughput...

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