HOUSTON, Oct. 10 (Xinhua) -- Brent crude, a benchmark for the global oil price, will fall to an average of 103 U.S. dollars per barrel in 2013, according to a report released Wednesday by the U.S. Energy Department.
The department's Energy Information Administration (EIA) in its monthly report forecast that Brent crude price will average 111 dollars per barrel for the forth quarter of 2012.
The EIA expected global inventory builds in the first half of 2013 to reach higher levels relative to the same period in 2012, mostly due to an increase in non-OPEC supply.
The biggest area of non-OPEC growth will be in the U.S. and Canada.
U.S. output will increase 7.5 percent to 10.9 million barrels a day this year and 5 percent to 11.44 million in 2013, according to the report.
Canada's production was expected to rise 8.3 percent to 3.9 million barrels per day in 2012 and 4.9 percent to 4.09 million barrels per day in 2013.
The EIA expected global oil consumption this year to be 89.09 million barrels a day.
World consumption will climb 1 percent to 90.01 million barrels in 2013, the agency said.
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