Oil Demand Forecast Raised Again

One month ago, October 13, 2010:

OPEC now sees world oil demand growth of 1.32 million b/d or 1.6% to 85.78 million b/d for 2010, compared with 1.3% previously, while demand growth will increase by a further 1.17 million b/d or 1.4% to 86.95 million b/d in 2011, instead of by 1.2% as earlier expected.

Today, just one month later:

The IEA said in its monthly report that oil demand next year will reach 88.2 million barrels a day, up from its forecast last month of 87.9 million barrels a day, based on the latest economic forecast from the International Monetary Fund earlier this month.

Yup.