oil barrels

IEA is down scaling its forecast of future oil production

in Non-Renewable Energy by

Downscaling from 116 Mbpd to 100 Mbpd is the first step of three that IEA must take when it comes to oil production in 2030.

Energy Watchdog Warns Of Oil-Production Crunch

The world’s premier energy monitor is preparing a sharp downward revision of its oil-supply forecast, a shift that reflects deepening pessimism over whether oil companies can keep abreast of booming demand.

The Paris-based International Energy Agency is in the middle of its first attempt to comprehensively assess the condition of the world’s top 400 oil fields. Its findings won’t be released until November.

Read more: WSJ

Kjell Aleklett is Professor of Physics at Uppsala University in Sweden where he leads the Uppsala Global Energy Systems Group (UGES).

Leave a Reply

Your email address will not be published.


Latest from Non-Renewable Energy

natural gas rig

How Natural Gas Works

Natural gas, called “the prince of hydrocarbons” by some, is an increasingly
Go to Top