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* U.S. oil growth outpaces China for first time since 1999
* Shale boom boosts U.S. production again - BP statisticalreview
* BP raises oil reserves, sharply revising upwards U.S.stocks (Updates figures for oil, gas throughout, adds MOSCOW dateline)
By Ron Bousso and Katya Golubkova
LONDON/MOSCOW, June 16 (Reuters) - Oil demand in the UnitedStates grew at the fastest pace in the world in 2013,outstripping China for the first time since 1999 as the globe'stop economy reaped the benefits of a shale boom, oil company BP said on Monday.
In its annual review of energy statistics unveiled inMoscow, BP also raised its global oil reserves estimate by 1.1percent after revising U.S. reserves upwards by more than aquarter.
Global natural gas reserves were cut for a second year aslower provisions for Russia and Qatar offset a significantuptick in U.S. estimates.
BP also said the United States recorded its largest-everannual rise in oil production for a second year in a row with a13.5 percent increase to above 10 million barrels per day (bpd).
The annual review, first published in 1951 and considered anindustry benchmark, showed U.S. oil consumption in 2013 grew by400,000 bpd to 18.9 million bpd, the sharpest gain in the world,followed by China's rise of 390,000 bpd to 10.8 million bpd.
The consumption growth was led by an expansion of the U.S.industrial sector as the world's top economy emerged from the2008 financial crisis, BP Chief Economist Christof Ruhl said.
At the same time, a Chinese slowdown was driven mainly bylower consumption of diesel and gasoil, which traditionallyreflect the rate of economic growth.
"It is easy to understand the U.S. - If you have a lot ofcheap domestic oil that feeds into the industry, it will show upeventually in GDP growth numbers. It's not that easy toreconcile the slowdown in Chinese energy numbers," Ruhl said.
China's economic growth hit a 14-year low in 2013, a declinethat accelerated in the first part of this year as Beijing leadsa wide drive to reform the country's economy.
Overall, China's energy consumption growth slowed to around4.7 percent in 2013 from a 10-year average of 8.4 percentdespite the fact that Beijing officially reported a 7.7 percentrise in gross domestic product last year, Ruhl said.
"There is a lot of tension between the official growthnumbers for China and the official energy consumption numbersfor China," he said.
Global oil production - up 560,000 bpd, or 0.6 percent -failed to keep pace with growth in oil consumption. Outputdisruptions from Libya, Nigeria and Iraq due to political strifewere almost entirely offset by growth of 1.1 million bpd in U.S.output, BP said.
"The huge investments seen in the U.S. have been encouragedand enabled by a favourable policy regime. And this has resultedin the U.S. delivering the world's largest increase in oilproduction last year. Indeed, the U.S. increase ... was one ofthe biggest annual oil production increases the world has everseen," Ruhl said.
This balance also explains oil price stability over the pastthree years, with the lowest volatility since the early 1970s,he said.
RESERVES
BP raised its estimate of global proved oil reserves by 1.1percent to 1,687.9 billion barrels at the end of 2013, enough tomeet 53.3 years of current global production.
U.S. reserves estimates were increased by 26 percent to 44.2billion barrels, and Russia's by 6.7 percent to 93 billionbarrels.
The company cut its estimate of global reserves of naturalgas for a second year in a row to 185.7 trillion cubic metres(tcm), enough to meet 54.8 years of global production.
The decline by less than 1 percent was mostly due to Russia,where reserves estimates were reduced by 4.9 percent to 31.3tcm, the BP data showed.
(Editing by Dale Hudson)
