OSLO, March 7 (Reuters) - The global oil market is

relatively well supplied with demand growth slowing, while

supply is increasing from the Americas, the head of the

International Energy Agency's (IEA) oil markets and industry

division told Reuters on Thursday.

"Depending on the pace of oil demand growth going forward,

the strength of summer demand, any unexpected outages, we see

that the market (is) relatively well supplied this year," Toril

Bosoni said on a sidelines of an industry conference in Oslo.

The IEA thus expects "relatively calm markets" even

though OPEC' recently decided to

extend

supply cuts, she added.