UPDATE 1-US EIA sees stronger 2010 world oil demand growth

Wed Jul 7, 2010 5:51pm GMT
 

 * World oil prices seen rising slowly
 * Growth led by China, Saudi Arabia, Brazil
 (adds EIA comment on higher world oil demand)
WASHINGTON, July 7 (Reuters) - The U.S. Energy Information
Administration on Wednesday raised its 2010 world oil demand
growth forecast by 60,000 barrels per day from its previous
estimate.
The EIA said in its monthly forecast it now expects world
oil demand to climb by 1.56 million bpd in 2010 to 85.82
million bpd from a year earlier.
Nearly all growth in world oil consumption this year will
come from outside the major industrialized countries, led by
China, Saudi Arabia and Brazil, the EIA said.
The agency also said world oil prices will rise slowly "as
an expected renewal of global economic growth leads to higher
world oil demand."
(Reporting by Ayesha Rascoe; Editing by Sofina Mirza-Reid)






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