Oil market supported by "unexpectedly strong global demand growth"
- current market could be tighter than shown in recent data
- raises forecast for non-OPEC oil production growth in 2015 by 195k to 1.0m bpd
- OPEC likely to keep pumping at around 31m bpd during the coming months as middle-east producers preserve market share and meet domestic demand
- raises estimate of demand for OPEC crude plus stocks in 2015 by 100k bpd to 29.4m
Full IEA monthly report here
Brent had a little rally to $66.74 on the upbeat analysis but retreating now to $66.38
