OPEC adds it voice to the IEA's from earlier, stating the oil market is well-supplied, and only...

|By:, SA News Editor

OPEC adds it voice to the IEA's from earlier, stating the oil market is well-supplied, and only the perception of danger of a shortage due to Iran tensions is keeping the price high (no mention of Western central banks?). The group says its March output rose 136K bpd to 31.3M bpd, 1.3M bpd greater than the planet's need.