OPEC itself said on Wednesday that 2014 incremental demand will be covered by non-OPEC supplies. The International Energy Agency forecast supply from non-OPEC countries to grow 1.3 million barrels a day next year, with supplies to rise 1.2 million barrels a day this year. The agency also lifted its global oil demand forecast for 2013 and has forecast demand to grow by 1.2 mbd in 2014.
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