By DPA,
Paris : Amid signs of a world economy now righting itself, the International Energy Agency (IEA) Wednesday raised its projections for world oil demand and output this year and in 2010.
The Paris-based group said it expected demand this year to average 83.9 million barrels per day (b/d), some 190,000 b/d higher than what the IEA had projected just last month.
At the same time, 2010 world demand is now seen reaching 85.3 million b/d, or 70,000 b/d higher than the IEA’s last previous forecast.
The IEA said next year’s rise in demand would almost exclusively be driven by Asian customers, while demand in the western economies of the Organisation of Economic Cooperation and Development (OECD) would be roughly level with 2009 figures.
In the current situation, oil supplies in July rose by 570,000 b/d to an average 85.1 million b/d, even though the OPEC states trimmed their output by 100,000 b/d from June levels, the IEA said.
The IEA predicted that non-OPEC states would boost their production this year by 160,000 b/d to an average 51 million b/d. In 2010, their output was forecast to surge by 440,000 b/d to 51.4 million b/d.
OPEC states’ output is now seen averaging 27.7 million b/d this year and 27.8 million b/d in 2010, the IEA predicted.