World oil demand growth to outpace supply in 2010: poll

LONDON/NEW YORK (Reuters)

At the same time, the rise in production from outside the Organization of the Petroleum Exporting Countries and output of natural gas liquids (NGLs) from OPEC members is seen growing by just 800,000 bpd in total.

“The key question for prices is supply,” Barclays C apital analyst Costanzo Jacazio said.

“2010 is really a bridging year — if the economies continue to perform as well as they have been doing during the early stages of the recovery, then I think by 2011 we’ll be seeing the demand numbers at or above where they were in 2008.”

Reuters