The International Energy Agency (IEA) has announced it will marginally push up its demand forecast for 2009/10 on the back of stronger demand from OECD Pacific and non-OECD Asia.
The agency has also warned it was skeptical that the recession showed signs of coming to an end.
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The upward adjustment of demand in 2009 means growth in 2010 is now slightly lower at 1.6% or 1.3MMbpd.
Global oil demand for 2009 now stands at 83.9MMbpd, up 190,000bpd from the last report. Demand for 2010 has been revised up by 70,000 barrels per day to 85.3MMbpd.
Non-OECD demand in 2010 is expected to average 40.1MMbpd, up 1.3MMbpd year-on-year and 100,000bpd higher than the previous forecast.
OECD oil demand in 2009 has been pushed up by 20,000bpd to 45.1MMbpd following changes in OECD Pacific demand.
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By GlobalDataOECD oil demand for 2010 remains mainly unchanged at 45.1 MMbpd.
