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Market Movement Click here to enlarge imageIEA lowers global oil demand forecast, againThe latest IEA figures released show another drop in projected 2001 oil demand.First quarter demand is estimated to have been well short of expectations, with nearly all of the shortfall in OECD countries. Just a month earlier, the Paris-based agency reported its estimate of first quarter worldwide demand at 77.3 million b/d; the figure has now been revised to 76.7 million b/d. The new estimates put demand growth for the year at 1 million b/d, down from 1.3 million b/d as IEA projected last month.The drop in demand eased the call on OPEC for crude and allowed for an OECD stockbuild in the first quarter...

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