Organization of Petroleum Exporting Countries (OPEC) has once again raised its estimate for world oil demand in 2009-2010., said in a monthly review of the cartel, published on its website on Tuesday.

forecast of world oil consumption in 2009 increased by 200 thousand barrels per day (bpd) - up to 84.24 million b /d (lower demand in 2008 to 1.65% or 1.41 million b /c), the 2010 forecast of adjusted upwards by 380 thousand b /d - up to 84.93 million b /d (increased compared to the Year 2009 700 thousand b /d or 0.83%).

expectations cartel raised in connection with a more rapid recovery of the economy. The forecast for the current year is not as bad as expected, - said in the review. Traditionally, forecast upgraded due to increased demand in countries of the Organization for Economic Cooperation and Development (OECD), as well as India and China.

the 2010 expectations adjusted mainly in relation to the first half of the year.

In response to growing expectations of demand, the cartel has changed in the upward and data on oil supplies. Forecast supply for 2009 by countries outside OPEC grew by 50 thousand b /d - up to 50.86 million b /d (up to 2008 - 410 thousand b /d). OPEC supplies from Russia are projected at 9.89 million b /d (up to 2008 - 100 thousand b /d, updating a previous forecast of up to 53 thousand b /d). Growth linked to the introduction of the Vankor field, as well as changes in tax policy of Russia.

Deliveries in 2010 are expected at 51.21 million b /d, which is 350 thousand b /d above 2008.

Production

OPEC in September amounted to 28.9 million b /d (quota - 24.845 million b /d), up 43 thousand b /d higher than August. Height showed Nigeria and Angola, the fall - Venezuela and Saudi Arabia. Без учета Ирака добыча картеля оказалась на уровне 26,42 млн б/с (рост 73 тыс. б/с к августу).

World oil supply in September, could rise to 280 thousand b /d - up to 84.63 million bpd. OPEC's share in them has remained stable - 34,2%.

Earlier the International Energy Agency (IEA) for the third time in his review has raised the forecast of world oil demand in 2010 due to exceed the expectations of consumption in Asia and America. Global oil consumption, according to the IEA, next year will amount to 86.1 million barrels per day (an increase from the previous forecast of 350 thousand barrels, or 1.7% higher consumption in 2009).

agency also revised upwards the forecast of consumption in 2009 - to 84.6 million bpd. On the growth forecast has influenced more rapid recovery.

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