OPEC sees demand for its oil falling further in 2010

LONDON (Reuters) - World demand for OPEC's oil will fall in 2010, the producer group said on Tuesday, due to rising supply from non-member countries and the lackluster pace of global economic recovery.

The Organization of the Petroleum Exporting Countries said in its monthly report that demand for its crude oil would average 28.11 million barrels per day (bpd) in 2010, down 380,000 bpd from 2009.

"Given the projected outlook, increasing spare capacity and growing idle refining capacity should be sufficient to offset any surge in demand or supply disruption in either crude or products," OPEC said in the report.

Despite the expected fall in demand for its own oil, OPEC said total world oil demand would rise in 2010 to 84.34 million bpd, up 500,000 bpd from 2009, driven mainly by growth in developing nations.

OPEC also trimmed its estimate for world oil consumption this year. It now expects demand to decline by 1.65 million bpd, 30,000 bpd more than its previous forecast.

(Reporting by Joe Brock; Editing by William Hardy/Alex Lawler)