Global oil output falls

PARIS, March 12: Global oil production in February fell by 320,000 bpd to 75.9 million bpd from the previous month amid a continuing decline in demand, the IEA said Tuesday.

IEA said it had lowered its forecast increase in demand for 2002 to 420,000 bpd, compared with a forecast demand rise of 500,000 bpd seen in its monthly report in January.—AFP

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