(EnergyAsia, December 29 2014, Monday) — Along with weaker oil prices, the US Energy Information Administration (EIA) has reduced its forecasts for both global oil demand and supply for 2015 in its December report compared with the previous month.

The agency expects the world to consume 92.32 million b/d in 2015, down from its November forecast of 92.50 million b/d, and to produce 92.75 million b/d instead of 92.91 million b/d.

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