In 2014 The Organization of Petroleum Exporting Countries (OPEC) expects growth of world oil demand by 1.14 million barrels a day up to 91.14 million barrels a day, reported Vesti Economy.
According to the revised forecast, the demand in oil will be 50,000 barrels a day above the previous index.
This year demand in oil in the OPEC member-states is forecasted to be 29.7 million barrels a day, 100,000 barrels a day higher, than in February.
In the non-OPEC member states oil production will increase by 1.3 million barrels a day up to 55.49 million barrels a day.
OPEC registered insignificant rise in price by 70 cents up to $105 in February 2014, because of cold weather, problems with deliveries and geopolitical tension, reads the monthly report of OPEC.
During 2013 demand in oil was revised towards increase by 70,000 barrels up to 1.05 million barrels a day.