Wed, Mar 4, 2015
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Oil, Trading more

For IEA, shale has no long-term impact on oil price: Kemp

Posted on 15 November 2013

Shale will not significantly boost oil production or bring down prices in the long term, according to the International Energy Agency (IEA). The surprising findings are contained in the latest version of the agency’s annual World Energy Outlook (WEO).
Worldwide production of light tight oil (LTO) from shale and other formations requiring fracking is expected to grow from 2.0 million barrels per day in 2012 to just 5.8 million bpd by 2030, before declining slightly to 5.6 million bpd in 2035………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 39496 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
March 2015
S M T W T F S
« Feb    
1234567
891011121314
15161718192021
22232425262728
293031