Paris: A top global energy monitor says it is worried about whether world oil supplies can meet growing demand and is preparing a revision of its forecasts.

The chief economist at the International Energy Agency says growing demand in China and India is leading to a "new world energy order."

Fatih Birol says the organisation is studying depletion rates at about 400 oil fields in its first-ever study of world oil supply.

He said the study was prompted by soaring oil prices and concerns about too-low investment levels.

Market analysts call the Paris-based IEA the world s most reliable independent source of oil information.

Oil prices today hit an all-time high above USD135 a barrel before falling back.

Source : PTI