Could peak as high as 590,000 barrels in 2019 if producers don’t resort to crude storage in peak months.
US is eager to grab new business, underscoring the urgent need to secure access to offshore markets.
Three prototypes to show carbon converted to methanol can serve as an eco-friendly fuel of the future.
Stalled in the US, Middle East, Russia and India, but production will rise.
Unparalleled ramp-up of low carbon technologies in all countries to keep temperature increases below 2 degrees C.
Energy agency says next few weeks will be crucial in determining if production cuts are being implemented.
Production from the Organization of the Petroleum Exporting Countries hit a record high in September.
International Energy Agency lowers its demand forecast to 1.2 million bpd.
IEA suggests investment in oil exploration and production is declining for a second straight year.
Oil-related investments are expected to drop 17% this year, according to the International Energy Agency.
IEA says global excess supply may reach 2 million barrels per day during Q1.
IEA says it’s the biggest decline in more than 20 years.
But they won’t return to recent highs.
Global oil capacity hitting 103.2 million barrels by the end of the decade.
EA predicts coal will be crucial for power generation replacing natural gas as the dominant fuel.