The International Energy Agency has predicted that world oil demand will grow more quickly than expected next year.
The IEA, adviser to 27 industrialised countries, said in its monthly Oil Market Report that demand will rise by 2.1 million barrels per day next year, up 200,000 bpd from its previous forecast.
'A lot of this demand is in the non-OECD countries, where we don't have any downgrades in economic growth forecasts,' said Lawrence Eagles, head of the IEA's Oil Industry and Markets division.
The report comes as economic growth in the US, the world's top consumer, is slowing.
However, many of the world's fast-growing economies cap fuel prices, helping to insulate consumers from costly oil.
For much of this year, the IEA has been urging OPEC to raise supply to allow consumers to build up inventories and lower prices.
