The Bohai 26-6 Phase I project has begun production and aims to peak at around 22,300 barrels of oil equivalent daily by 2025 ...
The report received considerable media attention because of the projection that by 2030 oil production will reach “a staggering 8 million barrels per day above projected global demand.” ...
That total could be more oil than the world can absorb. The International Energy Agency, a multilateral organization based in Paris, is forecasting that global production will outpace demand by ...