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Sep 9, 2010

EIA ups forecast for 2010 world oil demand growth

WASHINGTON, Sept 8 (Reuters) - The U.S. government on Wednesday raised its forecast for growth in world oil demand this year for the third month in a row, mainly due to thirst for fuel in China, the Middle East and Brazil.

In its latest monthly report, the Energy Information Administration boosted its forecast of growth in 2010 world oil consumption by 50,000 barrels per day from its prior estimate, projecting a rise of 1.62 million bpd to 85.95 million bpd. Read at Reuters