NEW YORK Oct 8 The U.S. Energy Information
Administration said global oil markets would be better supplied
in 2014 than previously forecast, according to its revised
outlook on Tuesday.
In its October Short Term Energy Outlook, the EIA projected
oil demand growth next year would be 1.17 million barrels per
day, a reduction of 20,000 bpd from the September forecast.
Growth in supply of non-OPEC oil was revised up by 50,000
bpd to 1.5 million bpd in 2014.
For 2013, the EIA revised its demand growth forecast down by
140,000 bpd to 970,000 bpd. Non-OPEC oil supply growth for 2013
was revised down by 60,000 bpd to 1.51 million bpd.
(Reporting by Matthew Robinson, Selam Gebrekidan; Editing by