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- IEA Oil Market Report: high oil prices denting demand,could dampen global upswing
IEA Oil Market Report: high oil prices denting demand,could dampen global upswing
- higher Japan 2011 demand to offset weaker non-oecd demand
- March non-OPEC supply up 200 kbd m/m to 53.3 mbd
- effective OPEC spare capacity 3.91 mbd, incl saudi 3.2 mbd
- hikes 2011 avg non-OPEC supply fcst 100 kbd to 53.7 mbd
- trims 2011 avg OPEC call/stocks fcst 100 kbd to 29.8 mbd
- 2q global crude run projection cut 270 kbd due Japan
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