Loading...
Title : Global Oil Boom Led By The U.S. To Continue In 2020
link : Global Oil Boom Led By The U.S. To Continue In 2020
Global Oil Boom Led By The U.S. To Continue In 2020
Reuters
Houston Chronicle/Bloomberg: Oil supply to swamp demand, squeeze OPEC in 2020, IEA says
Global oil supplies will increase far more than demand next year with the start of a host of new projects, putting further pressure on the OPEC cartel, the International Energy Agency said.
Even though growth in world oil demand will accelerate to 1.4 million barrels a day in 2020, it will be eclipsed by a 2.3 million barrel-a-day surge in output, as the ongoing boom in U.S. shale is augmented by new fields in Brazil, Norway and Canada.
As a result, the world will need significantly less crude from the Organization of Petroleum Exporting Countries, the IEA, which advises most major economies, predicted in its monthly report on Friday. Though Saudi Arabia and its allies have been deliberately cutting supply this year, and political crises have crushed exports from Venezuela and Iran, OPEC is pumping much more oil than will be required in 2020.
Read more ....
WNU Editor: I am old enough to remember when the "experts" and politicians were talking about peak oil and the decline of the oil industry.
Update: OPEC is still trying to stabilize the price of oil .... OPEC set to extend oil production curbs by nine months (CNBC).
Reuters
Houston Chronicle/Bloomberg: Oil supply to swamp demand, squeeze OPEC in 2020, IEA says
Global oil supplies will increase far more than demand next year with the start of a host of new projects, putting further pressure on the OPEC cartel, the International Energy Agency said.
Even though growth in world oil demand will accelerate to 1.4 million barrels a day in 2020, it will be eclipsed by a 2.3 million
Loading...
barrel-a-day surge in output, as the ongoing boom in U.S. shale is augmented by new fields in Brazil, Norway and Canada.
As a result, the world will need significantly less crude from the Organization of Petroleum Exporting Countries, the IEA, which advises most major economies, predicted in its monthly report on Friday. Though Saudi Arabia and its allies have been deliberately cutting supply this year, and political crises have crushed exports from Venezuela and Iran, OPEC is pumping much more oil than will be required in 2020.
Read more ....
WNU Editor: I am old enough to remember when the "experts" and politicians were talking about peak oil and the decline of the oil industry.
Update: OPEC is still trying to stabilize the price of oil .... OPEC set to extend oil production curbs by nine months (CNBC).
As a result, the world will need significantly less crude from the Organization of Petroleum Exporting Countries, the IEA, which advises most major economies, predicted in its monthly report on Friday. Though Saudi Arabia and its allies have been deliberately cutting supply this year, and political crises have crushed exports from Venezuela and Iran, OPEC is pumping much more oil than will be required in 2020.
Read more ....
WNU Editor: I am old enough to remember when the "experts" and politicians were talking about peak oil and the decline of the oil industry.
Update: OPEC is still trying to stabilize the price of oil .... OPEC set to extend oil production curbs by nine months (CNBC).
Thus articles Global Oil Boom Led By The U.S. To Continue In 2020
that is all articles Global Oil Boom Led By The U.S. To Continue In 2020 This time, hopefully can provide benefits to all of you. Okay, see you in another article posting.
You now read the article Global Oil Boom Led By The U.S. To Continue In 2020 with the link address https://welcometoamerican.blogspot.com/2019/07/global-oil-boom-led-by-us-to-continue.html
Related Posts :
Do you want your political power raw or cooked?- City Wanderers looking for a friendly
- At the Smooth Aster Café...
- CARDS WSOC TAKES TOUGH LOSS TO FSU 1-0 -- LAS VEGAS ACES LOSE TO CONNECTICUT -- MONDAY CARDINAL COUPLE
- WHY BARBARA LAGOA WOULD BE DOOMED IF SHE WERE A DEMOCRAT, EVEN WITH A DEMOCRATIC SENATE
0 Response to "Global Oil Boom Led By The U.S. To Continue In 2020"
Post a Comment