Azerbaijan, Baku, June 11 / Trend , A.Badalova/
The International Energy Agency (IAE) increased the forecast for world oil demand to 120,000 barrels per day in 2009.
The world oil demand will drop by 2.5 million barrels per day (2.9 percent) to 83.3 million barrels in 2009, the IAE official website said.
"The change of forecast does not mean the global economy to be revived, but slowing down of its dropping," the Agency said.
IAE also increased forecasts related to oil supplies by non-OPEC countries to 170,000 barrels per day, which reflects a vivid growth of production on new fields in Russia, the North Sea, as well as high production in Columbia. In accordance with the new forecast, the oil production by non-OPEC countries will drop 200,000 barrels per day to 50.5 million.
The world oil production dropped 210,000 barrels per day to 83.7 million barrels in May. The oil production by non-OPEC countries shrank 370,000 barrels per day.
The oil production by OPEC countries increased 160,000 barrels per day to 28.4 million in May. OPEC 11 countries increased oil production by 110,000 barrels per day to 26 million barrels per day last year. This represents 1.1 million barrels per day more compared to the forecasted 24.845 million barrels.
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