VIENNA: Opec on Friday raised its estimate for world oil demand growth in 2008, owing to fast-growing demand for transport and industrial fuel, but kept unchanged its forecast for world oil demand this year.
The coming holiday season is keeping the kerosene jet fuel demand healthy worldwide, the Organization of Petroleum Exporting Countries said in its December monthly report.
Total world oil demand growth in 2007 is forecast at 1.2 million bpd (barrels per day) or 1.42 percent, the report said.
Nevertheless, world oil demand next year was projected to rise by 1.3 million bpd or 1.54 percent next year, a slight upward revision from the cartel s previous forecast of 1.53 percent.
