Reuters | Oil extends gains on strong demand forecasts, OPEC-led output cuts Reuters The IEA's comments on increased demand, made during the CERAWeek conference in Houston on Monday, preceded statements from OPEC Secretary General Mohammed Barkindo that called the supply cut agreement with global producers “as solid as the Rock of ... Opec says hedge funds lack 'basic understanding' of oil IEA Predicts Nightmare Scenario For OPEC Crude Oil Price Forecast: Supply Side Focus |