(EnergyAsia, December 28 2011, Wednesday) — The International Energy Agency (IEA) expects global oil demand to increase by 700,000 b/d to 89 million b/d this year, and by another 1.3 million b/d in 2012 to reach 90.3 million b/d. Its latest projections represent a downward revision of 200,000 b/d over the previous forecast issued last…