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          <lang class="3" style="Headline" font="Patrika18" fontStyle="Bold" size="15">IEA revises upward demand for OPEC oil
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        <lang class="3" style=".Bodylaser" font="Patrika15 Ultra" fontStyle="Bold" size="130">PARIS. Oct 9: The International Energy Agency yesterday again revised upwards Its estt mates of demand for OPEC oil in the third and fourth quarters because non-OPEC supplies amounted to less than had been expected, reports AFP.
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        <lang class="3" style=".Bodylaser" font="Patrika15 Ultra" fontStyle="Bold" size="130">The IEA said in a monthly report that global demand for oil from members of "the Organisation of Petroleum Exporting Countries (OPEC) and from stocks was expected to amount to 24.9 million barrels per day in the fourth quarter, or 0.3 million barrels more than had been expected last month in each of the two quarters.</lang>
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        <lang class="3" style=".Bodylaser" font="Patrika15 Ultra" fontStyle="Bold" size="130">The forecast for the first quarter of 1997 was held at 26.7 million barrels.</lang>
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        <lang class="3" style=".Bodylaser" font="Patrika15 Ultra" fontStyle="Bold" size="130">The IEA estimated that OPEC countries had produced 25.88 million barrels per day in September, having produced 25.8 million barrels in August.</lang>
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        <lang class="3" style=".Bodylaser" font="Patrika15 Ultra" fontStyle="Bold" size="130">Supplies from outside OPEC had risen from 43.12 million barrels per day to 43. 92 million barrels.</lang>
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        <lang class="3" style=".Bodylaser" font="Patrika15 Ultra" fontStyle="Bold" size="130">The agency increased its estimate of world demand for oil in the fourth quarter of 1996 by</lang>
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        <lang class="3" style=".Bodylaser" font="Patrika15 Ultra" fontStyle="Bold" size="130">0 1 million barrels per day to 73 7 million barrels. But It re-v ised downward its estimate for world consumption In the first quarter of 1997 to 74.7 million barrels per day owing to an expected decline of demand in countries from the former Soviet Union.</lang>
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      <p class=".Bodylaser">
        <lang class="3" style=".Bodylaser" font="Patrika15 Ultra" fontStyle="Bold" size="130">The agency increased slightly its forecast of growth of world demand in 1997 from the figures provided in September. It had taken into account a slight downward adjustment of demand in 1996 together with a slight increase of expected consumption in China next year and in countries belonging to the Organisation for Economic Cooperation and Development (OECD) in the second half of the year.</lang>
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        <lang class="3" style=".Bodylaser" font="Patrika15 Ultra" fontStyle="Bold" size="130">The price of crude oil had risen sharply in September owing to US cruise missile attacks on Iraq in the first half of the month and because the price of diesel fuel in the Atlantic region had been high In the second half of the month.</lang>
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