World 2006 oil use to rise 1.83-mil b/d vs 1.09-mil in 2005: IEA

London (Platts)--17Jan2006

World oil demand will accelerate in 2006 as use recovers in the US and
China, the world's two largest consumers, requiring more crude from OPEC and
keeping a strain on supplies, the International Energy Agency said Tuesday.
     Global oil demand this year will rise by 1.83-mil b/d, the adviser to 26
industrialized countries said in a monthly report, up from 1.09-mil b/d in
2005. The IEA also cut a projection for supply outside OPEC in 2006 by 180,000
b/d, boosting the need for oil from the group.
     "Key factors underpinning this projection are a rebound in Chinese
demand growth and more robust US demand growth versus a hurricane-affected
2005 baseline," the IEA said of the 2006 demand forecast.

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