Topic: iea changes down 2011, 2012 global oil demand grow

LONDON-The International Energy Agency (IEA) on Wednesday revised down its global oil demand growth projection for 2011 by 50,000 bbl/day as well as by 210,000 bbl/day for 2012 as a result of a down modification to GDP development assumptions. International oil need in 2011 is now anticipated to climb 1.1%- or by 1.0 m bbl/day compared to last year-to 89.2 m bbl/day. In 2012, need will increase 1.4%- or by 1.3 m bbl/day-to reach 90.5 m bbl/day. The IEA also cited lower-than-expected third-...