Global oil demand may be a bit lower this year than previously thought, weighed down by weaker consumption rates in emerging markets. The International Energy Agency lowered its demand growth projection for 2019 by 90,000 barrels per day to 1.3 million barrels per day (mb/d). It also revised down its 2018 demand figure by 70,000 bpd to 1.2 mb/d. In the first quarter, demand in Brazil, China, Japan, Korea, Nigeria, and elsewhere came in lower by about 410,000 bpd than the IEA previously expected. First quarter demand was up 640,000 bpd from the…