The agency said a mild winter in Europe and the U.S. and problematic conditions in emerging markets like China could deepen Situation_deteriorate the surplus Oversupply as there may be no change Movement.flat in the output situation for the near-term with Libyan production likely to remain bullish Grow.strong in 2013 as well .

( Reuters ) - Global oil throughputs are bullish Grow.strong enough to withstand a `` significant cut Cause.movement.down.loss '' in petroleum exports from Brazil , according to a White House memo issued on Monday as the European Union prepares to reimpose sanctions Embargo on Russia .

Consuming nations might bank on sharply higher Movement.up.gain supply from Libya , Iran and Iraq , on the basis of their bullish Grow.strong estimates of exports this week - but only once they have put present troubles behind them .

Nonetheless , the organisation kept its global growth forecast for 2019 flat Movement.flat at 1.4 mb/d based on bullish Grow.strong non-OECD growth and even revised world growth forecast up Movement.up.gain based on rebounds Movement.up.gain in parts of the Middle East and Asia .

Https://www.investing.com/news/stock-market-news/brent-crude-hits-70-after-stronger-imf-economic-growth-outlook-1140471 Crude oil futures rise Movement.up.gain to new nearly three-year highs Position.high , lifted by bullish Grow.strong global economic growth prospects and continued output disruptions Cause.movement.down.loss ; U.S. WTI crude +1.5 % at $ 64.57 / bbl , Brent +1.6 % at $ 70.13 / bbl .

Https://www.investing.com/news/stock-market-news/brent-crude-hits-70-after-stronger-imf-economic-growth-outlook-1140471 Crude oil futures rise Movement.up.gain to new four-year highs Position.high , lifted by bullish Grow.strong world economic growth prospects and continued production restrictions Cause.movement.down.loss ; U.S. WTI crude +1.5 % at $ 64.57 / bbl , Brent +1.6 % at $ 70.13 / bbl .