LONDON Feb 12 World oil demand will rise
slightly more than expected in 2014, OPEC said on Wednesday,
becoming the second major forecaster this week to predict higher
fuel use as economic growth picks up in Europe and the United
The Organization of the Petroleum Exporting Countries, in a
monthly report, said global demand will rise by 1.09 million
barrels per day (bpd) this year, up about 40,000 bpd from its
previous forecast. It also saw potential for further rises due
to a stronger outlook for developed OECD economies.
OPEC left the forecast for average demand for its crude in
2014 virtually unchanged at 29.60 million bpd, as the higher
demand would be offset by an increased supply forecast from
countries outside the group.
On Tuesday, the U.S. government's Energy Information
Administration raised its 2014 world oil demand growth forecast
by a similar increment to OPEC.
(Reporting by Alex Lawler; editing by Keiron Henderson)