`
While demand is forecast to peak before 2030, continued investment by oil producers, led by the US, would by then result in more than 8mn b/d of spare capacity, the IEA wrote in its annual report on the industry released on Wednesday.
This “massive cushion” of extra oil could “upend” the efforts of Opec+ to manage the market and usher in an era of lower prices, the IEA said, adding that the spare capacity would be unprecedented outside the coronavirus pandemic.
'
https://www.ft.com/content/cfb97534-b71b-490f-b626-6dc3487f595d
Andrew Henry /
npub145…mfkqt
2024-06-13 10:33:48
Author Public Key
npub145p5pqltah2k6f44rdg6eljlxmz9jtm0n06a7p9ltmqj8hsm32ls0mfkqtPublished at
2024-06-13 10:33:48Event JSON
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"content": "`\n\nWhile demand is forecast to peak before 2030, continued investment by oil producers, led by the US, would by then result in more than 8mn b/d of spare capacity, the IEA wrote in its annual report on the industry released on Wednesday.\n\nThis “massive cushion” of extra oil could “upend” the efforts of Opec+ to manage the market and usher in an era of lower prices, the IEA said, adding that the spare capacity would be unprecedented outside the coronavirus pandemic.\n\n'\nhttps://www.ft.com/content/cfb97534-b71b-490f-b626-6dc3487f595d",
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