| A potential shortfall in investment in production in the Middle East could create a $15 increase in the oil price by 2025, the energy arm of the Organisation for Economic Co-operation and Development (OECD) said.
The world will need to invest $40 trillion in energy supply and $8trn on energy efficiency by 2035 to meet growing demand and falling output from mature sources of energy, the International Energy Agency (IEA) said in a report. A large proportion of the investment to increase output will need to come from the Middle East as a rise in non-Opec production such as US shale oil starts to lose steam in the mid-2020s...............................................Full Article: Source
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