World Oil Supplies Drop by 100,000 Barrels Per Day in a Month – IEA

In March 2008, the world oil supplies dropped by 100,000 barrels to 87.3mln barrels per day, the International Energy Agency (IEA) reported.

The drop was caused by reduction of crude oil supply from the OPEC countries, the North Sea and the African non-OPEC countries.
The oil supplies from OPEC decreased in March as compared to February by 265,000 barrels to 32.1mln barrels per day due to adjustment and alignment in the UAE, Nigeria and Venezuela.

Trend Capital