Oil outlook uncertain: IEA

THE outlook for oil remains uncertain in short and medium term as COVID-19 has not just put strain on fuel markets but brought forth underlying issues. In coming decades lower cost producers, mostly OPEC members, are likely to survive. 

Oil outlook uncertain: IEA Oil outlook uncertain: IEA Oil outlook uncertain: IEA Oil outlook uncertain: IEA Oil outlook uncertain: IEA

World Energy Outlook finds oil production could fall to 20MMbopd by 2040 

There is little certainty as to how excess fuel supply will be reabsorbed as demand remains low, the International Energy Agency's World Energy Outlook said today.