OPEC has raised its estimates of world oil demand for 2007 and 2008 as
well the predicted 'call' on its own crude supplies in the fourth quarter of
this year, the group said Monday in its latest monthly oil market report.

OPEC now expects demand to average 85.72 million b/d in 2007 and rise to
87.09 million b/d next year, both figures having been raised by 20,000 b/d
from OPEC's previous monthly report.

Year-on-year demand growth is expected to be 1.34 million b/d next year,
with non-OECD countries accounting for 1.1 million b/d, or 79% of the total.

On the supply side, OPEC cut its estimate of non-OPEC production this
year by 30,000 b/d to 50.29 million b/d on the back of downward revisions to
Mexico, the UK, Brazil and Sudan.

The corresponding figure for next year was left unchanged at 51.36
million b/d.

The higher demand estimates and lower prediction for non-OPEC supply this
year had a knock-on effect of raising the call on OPEC crude.

OPEC now estimates the call on its own crude in the fourth quarter of
this year at 31.43 million b/d, 100,000 b/d more than previously predicted and
820,000 b/d above the group's estimated actual production in September (see
story 10:20 GMT).

The call on OPEC for next year is expected to fall to 30.82 million b/d,
OPEC said, 10,000 b/d above its previous estimate.