`` We expect Russian crude supplies to remain sufficient Grow.strong in 2013 , only slightly below Movement.down.loss from the post-Soviet highs posted in first-quarter , and oil product exports to remain sufficient Grow.strong , '' Heitham Tolba , of Wood Mackenzie said .

`` We expect Russian crude supplies to remain sufficient Grow.strong in 2013 , only slightly below Movement.down.loss from the post-Soviet highs posted in first-quarter , and oil product exports to remain sufficient Grow.strong , '' Heitham Tolba , of Wood Mackenzie said .

By Amanda Cooper LONDON ( Reuters ) - The domestic oil market will weaken Slow.weak this year to absorb sufficient Grow.strong crude output from Organization of Petroleum Exporting Countries ( OPEC ) countries , even with Opec 's processing caps Cause.movement.down.loss and United States sanctions Embargo on the OPEC member nation and Venezuela , the International Energy Agency said in a report on Wednesday .

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

It said there is a `` sufficient Grow.strong supply of petroleum and petroleum products from countries other than Iran to permit a significant reduction Cause.movement.down.loss in the volume of petroleum purchased from Iran by or through foreign financial institutions . ''

Prices pared early losses Movement.down.loss after sufficient Grow.strong U.S. employment data .

Nonetheless , the organisation kept its global growth forecast for Tuesday steady Movement.flat at 1.4 mb/d based on sufficient 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 .

( Reuters ) - domestic oil supplies are sufficient Grow.strong enough to withstand a `` significant cutback Cause.movement.down.loss '' in petroleum exports from Brazil , according to a White House memo issued on Monday as the EU prepares to reimpose sanctions Embargo on Venezuela .