IEA says sluggish growth could restrict oil demand

LONDON (MarketWatch)
The International Energy Agency, or IEA, on Friday said that "sluggish economic growth could restrict annual oil demand growth" to 0.9 million barrels per day in 2012 and 0.8 mb/d in 2013
Demand will average 89.6 mb/d and 90.5 mb/d, respectively, according to the IEA's monthly oil market report
The IEA said that global oil supply advanced by 0.3 mb/d, on a month-over-month basis, to 90.7 mb/d in July
Nations outside of the Organization of the Petroleum Exporting Countries, or OPEC, contributed 60% of that increase, the IEA said