Wednesday, May 12, 2010

Breaking News-RTRS-OPEC, EIA lift 2010 oil demand forecasts

NEW YORK, May 11 (Reuters) - OPEC and the U.S. government
on Tuesday raised their estimates for world oil demand growth
in 2010, predicting an expansion in fuel consumption as world
economies emerge from the worst slowdown since World War II.
In a monthly report, OPEC forecast world oil demand would
rise by 950,000 barrels per day (bpd) this year, up 50,000 bpd
from its previous estimate. The U.S. Energy Information Agency
forecast that global demand would grow by 1.57 million bpd, a
110,000 bpd increase from its month-ago estimate.