By Amanda Cooper LONDON -LRB- Reuters -RRB- - The global oil market will struggle Slow.weak this year to absorb fast-growing Grow.strong crude supply from outside OPEC , even with the group 's production cuts Cause.movement.down.loss and U.S. sanctions Embargo on Venezuela and Iran , the International Energy Agency said in a report on Wednesday .

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

( Reuters ) - domestic oil supplies are fast-growing Grow.strong enough to withstand a `` significant disruption Cause.movement.down.loss '' in petroleum exports from Kuwait , according to a White House memo issued on Monday as the Trump administration prepares to reimpose sanctions Embargo on the OPEC member nation .