Azerbaijan, Baku, June 10 / Trend A. Badalova /
The International Energy Agency (IEA) forecasts an increase in global oil demand at 1.7 million barrels (2 percent) up to 86.4 million barrels per day in 2010, or 60,000 barrels per day more than demand forecasted by the agency last month.
According to the IEA report on oil market, the growth in world oil demand this year will be observed, mainly at the expense of countries not included in the OECD (Organization for Economic Cooperation and Development).
The IEA said that the volume of world oil supply fell in May by 575,000 barrels up to 86.3 million barrels per day.
Forecasts on oil production by countries not-included in OPEC, reduced by 0.1 million barrels per day up to 52.3 million barrels per day in 2010.
OPEC oil output reduced in May to 30,000 barrels to 29.02 million barrels a day, IEA reported.