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UPDATE 1-World oil demand to grow 1.47 mln bpd in 2011-EIA
* World oil demand to grow 1.47 mln bpd in 2011
* U.S. oil demand to grow 216,000 bpd in 2011
* EIA lowered world and U.S. oil demand estimates for 2010
(Adds details about U.S., world 2010 and 2011 demand)
By Ayesha Rascoe
WASHINGTON, Jan 12 (Reuters) - World oil demand will rise to 86.65 million barrels per day in 2011, up 1.47 million bpd from a year earlier, the U.S. Energy Information Administration said on Tuesday.
In its new monthly energy forecast, the agency also projected 2011 U.S. oil demand would rise to 19.11 million bpd, up 216,000 bpd from 2010.
This report offered traders their first glimpse at the agency's supply and demand forecasts for 2011.
At the same time, the EIA cut its forecast for global growth in petroleum consumption this year to an increase of 1.08 million bpd from 2009. Last month the agency projected a 1.1 million bpd rise in world oil demand in 2010.
The EIA also lowered its outlook for U.S. oil consumption in 2010. The agency said it now expects a 211,000 bpd rise in demand, down from the 270,000 bpd increase predicted in the previous report.
Although the rebound in oil demand will be led by developing countries in 2010, richer nations should "begin to show significant oil demand growth in 2011 in response to improving economic conditions," the EIA said.
(Editing by Lisa Shumaker)
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